Westbridge Secures Financing for Georgetown Solar PV and Battery Energy Storage Project

Pursuant to a loan agreement between the Company, Georgetown and Westbridge Investco, LLC (a lending entity established by Leyline Renewable Capital, LLC), Georgetown may borrow up to a maximum of the U.S. dollar equivalent of CAD$4,830,000.

Westbridge Renewable CFO Philip Stubbs commented "Leyline Renewable Capital is a leading provider of debt and equity for renewable energy development backed by a team with deep experience in renewable investing. Partnering with Leyline strategically bridges the gap between development and construction on our flagship project Georgetown Solar PV and has allowed us to fund the security payment for the Generating Unit Owner's Contribution, and scale our business with non-dilutive capital. The project has recently received power plant and substation approval by the AUC". 

The Loan is secured by a first priority security interest against the assets of Georgetown, bears interest at 12% per annum and matures 12 months from the date of the Loan Agreement.