Nordic Turbines Inc. (NDTI.OB) GC Nordic Merger Swiftly Underway
Nordic Turbines Inc. announced that the proposed merger with wind turbine manufacturer GC Nordic is steadily moving ahead as planned. As part of the acquisition announced in May, a second secured loan in the amount of $2,500,000 USD has been sent to GC Nordic, bringing the total secured loan amount to $3.5 million USD. The loans will cover inventory acquisitions further to the completion and delivery of a large turbine order currently under contract. Upon completion and acceptance by both parties, the proposed definitive agreement will result in a merger between Nordic Turbines and GC Nordic. Subsequently, the shareholders of…