Midwest Energy Emissions Corp. (OTCQB: MEEC), known as ME2C Environmental CEO Richard MacPherson tells Proactive the group has formed a debt repayment agreement with AC Midwest Energy which “will strengthen our balance sheet terrifically, and will increase shareholder equity value.”
MacPherson says AC Midwest Energy will repay all existing secured and unsecured debt obligations held by Alterna including the existing $0.3 million secured note outstanding in cash as well as the existing $13.2 million principal amount through a combination of cash and stock.
Story by ProactiveInvestors
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