EverGen (TSX.V: EVGN) (OTCQX: EVGIF) has issued a construction update for its Fraser Valley Biogas project and reported the successful drawdown of $15 million under the first tranche of the previously announced $31 million syndicated senior term loan from Roynat Capital and Export Development Canada (“EDC”). This provides EverGen with financial certainty to fund the Fraser Valley Biogas core RNG expansion project currently under construction. “This marks the final stage of construction of our core RNG expansion project at Fraser Valley Biogas, which will be completed in Q3 2023,” said Chase Edgelow, CEO of EverGen. “We prudently structure the financing behind each of our projects to allow for flexibility and to maximize returns for our shareholders.”
To view the full press release, visit https://ibn.fm/nJS4m
About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas (“RNG”) infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer, which acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste to energy and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information, visit the company’s website at www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
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