The US rooftop solar developer says the lenders will provide $6.5m as a working capital line of credit. To date, they have funded $4.4m of that amount at 12% annual interest with maturity on 31 December.
The lenders under this line of credit will be issued bonus warrants to purchase common shares of OneRoof Energy equal to 25% of the amount of funded credit, divided by the exercise price per share of the bonus warrants.
The
