Inactive Instrument

Citadel EFT, Inc.

Equities

CDFT

US17286C2017

Citadel EFT, Inc. Confirms $200 Million Credit Facility for the Monetizing of a Bank Standby Letter of Credit

January 14, 2014 at 09:00 am EST

Citadel EFT, Inc. announced that the company has received written notice and a recent bank statement for $5,000,000.00 deposited on their behalf. These funds have been posted to provide a "Standby Letter of Credit" provider with proof of available funds. A $200,000,000.00 SBLC will be issued by a top 25 Global Bank, transferred and monetized by active 3rd party credit facility located here in the United States with a top 5 US Bank.

Post release of funds from the credit facility, Citadel will receive the $5,000,000.00 currently posted in the escrow account and an additional $24,000,000.00 from the credit facility. The balance of funds from the credit facility will be disclosed in the coming 8k announcements.

Latest news about Citadel EFT, Inc.

Citadel EFT, Inc. Confirms $200 Million Credit Facility for the Monetizing of a Bank Standby Letter of Credit	14-01-14	CI
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