The
deal
is
subject
to
approval
from
Finavera
shareholders
and
the
TSX
Venture
Exchange.
It
calls
for
Pattern
to
refinance
up
to
C$9m
of
Finavera’s
corporate
debt,
fund
certain
development
costs
going
forward
and
provide
it
with
a
further
debt
facility
at
an
annual
rate
of
10%.
The
projects
that
Pattern
will
acquire
are
Bullmoose,
Meikle,
Tumbler
Ridge
and
Wildmare.
Post-acquisition,
Pattern
has
also
committed
to
development
spending
on
the
near-term
projects.
It
will
pay
$11m
to
Finavera
upon
shareholder
approval
and
upon
full
acquisition
of
the
project
companies,
with
the…
