We need a USD 650 000.00 to USD 1 000 000.00 bridge finance to enhance our commodity-for-gold program. This investment will be refundable within 30 days. The investor will have a 20% annual return or the supply of 50kg of gold at 10% discount on the LME CIF.
The investment is to be confirmed by an escrow deposit from a prime US bank and guaranteed by a USD 2m SBLC.
1/ The investor confirms his acceptance of this offer by addressing an ICBPO sign and send it sealed on to our company’s president.
2/ Upon receipt the seller submits an up-date of the buy-sell agreement to make provision for the buyer to provide the seller a trustee account for the hosting of USD 2m SBLC.
3/ The buyer and seller sign a buy-sell agreement. The buyer’s bank issues the seller’s bank a commitment letter for the payment of a USD 650.000.00 bridge finance via an escrow deposit confirmed by a major US bank.
4/ Upon receipt the seller’s provider issues the buyer’s bank an MT 799 pre-advice for a USD 2m SBLC in favour of our company to the trustee account provided by the buyer.
5/ Upon receipt of the MT 799 swift, the buyer’s bank then wire the USD 650.000.00 to the funder’s account. The seller’s funders send the USD 2m SBLC to the trustee account via swift MT 760. The buyer confirms receipt of the USD 2m SBLC and sends the seller a copy via email.
6/ The seller provides the buyer’s bank a copy of the SBLC monetarising agreement which calls for proceeds – USD 1.8 to USD 1.7m to be wired as follows:
USD 650.000.00 + bank service charges to the buyer’s account
The balance to the sellers Ecobank account.
7/ Supply of the gold begins within 10 to 15 banking days upon receipt of the above funds to the seller’s account.
We have a one year renewable buy-sell agreement with a Thialand-USA based supplier of diate goods and construction materials. Our years of experience and contacts with local miners in Guinea and beyond give us the comparative advantage over others.
This success can not be repeated by our competitors because we hold to our corporate secrets and contacts.
Our opportunity is that we are receiving the commodities at very reasonable prices and are selling directly to local clients at a price that enables us to make enough profit.
The investment is needed to secure financial instruments and handle institutional overheads.
We are looking for a debt investor for a USD 650.000.00 to USD 1m loan - bridge finance to enhance our commodity- for-gold program. This investment will be refundable within 30 days. The investor will have a 20% annual return or the supply of 50kg of gold at 10% discount on the LME CIF.