O.K. So it is a tax credit from the Quebec government (yaaa) for them building there plant in Quebec
i read "secured against the companys tax credits resulting from the construction...." also "will allow the company to monetize the refundable investment tax credits which would remain as an accounts receivable"
How does this become collateral for a loan to the lender in case of default?? And is there such a program in SA we could take advantage of to raise additional capital...(.Grasping at straws here) since we are not building in Quebec.