The Uzebekistan project contemplates a debt facility of approximately US$10 million and the Kazakhstan project contemplates a debt facility of approximately US$7 million. It is contemplated that each debt facility will be on a project finance basis, and will require equity participation of at least 30% of the transaction amount.

“Our relationship with Aon Israel was initiated in October 2010. Aon Israel has not committed to invest in our company or to cause any person to invest in our company. The terms and conditions of any financing arranged by Aon Israel will be subject to due diligence and negotiation and entry into of definitive transaction contracts and other transaction documentation. There can be no assurance that we will be successful in securing financing through Aon Israel or otherwise,” the company said.