2023-03-21 11:32:46 ET
- Star Alliance ( OTCPK:STAL ) signed a agreement to acquire 51% of the Genesis program for $5.1M; 50% of purchase price is due and payable by Sep.30, 2023 and remaining balance is due withing 12 months.
- The company will provide at least $2.5M working capital by July 31, 2023 for the construction of Genesis systems with the balance of another $2.5M working capital due within twelve months.
- Star has made significant progress in the negotiations for the financing necessary to meet these targets.
For further details see:
Star Alliance to acquire 51% of the Genesis program