Quantum Energy receives refinery funding conditional commitment letter (Scandinavian Oil-Gas Magazine)

Quantum Energy receives refinery funding conditional commitment letter

Published Apr 22, 2014

Quantum Energy, Inc. has received a Conditional Commitment Letter from NBM Strategic Capital and its Grey Fox private equity arm for the $250 million dollar projected cost to construct the Fairview Refinery in East Fairview, North Dakota.

"Grey Fox informed us that we have completed 23 of their 25 steps to funding and has provided Quantum with its Conditional Commitment Letter for the entire $250 million dollar construction cost. We have several other funding sources that are equally as encouraging and in various stages of commitment documents. The NBM/Grey Fox letter is a priority at the moment," said CEO Andrew Kacic.

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