ZICIX Corporation’s (OTC Pink: ZICX) Chairman, Mr. William A. Petty has announced giving “green light” to its operating company CTIP First Investment, Inc. (CTIP-FII) to invest and undertake the development of the 300 Beds Hospital, 250 Rooms Hotel/Dormitory, and 5 MW Solar Energy Project, in Dakar, Senegal with a project cost of about $160 Million.
CTIP-FII has executed, Project Development Contract with the project owner, Polyclinique de L’Amitie et de L’Alliance (P2A) of Dakar, Senegal, a company where stockholders are more than 200 medical practitioners, like Doctors, Nurses, and others, mostly from Africa and France, among others, who have organized themselves to practice their respective professions in Senegal through the operation of what is called “P2A Hospital”, once completed.
See the complete article on Nasdaq: https://www.nasdaq.com/press-release/zicix-and-ctip-fii-joins-development-of-p2a-hospital-project-in-senegal-2022-07-11
In parallel, Value Creation - Alternative has secured a credit enhancement agreement with an Indian family office to issue a $250 Million investment grade bond and sell it for not less than the $160 Million that are needed to cover the project cost.
We are now looking for an equity investor to cover the cost of issuing that bond estimated in less than $1 Million.
We can offer shares of Zicix as guarantees to the equity investor.
