NYOTA Power Ltd.

NYOTA Power Ltd.

• Company Website: https://nyotapower.com/
• Head Office Address: 210-905 West Pender Street, Vancouver BC, V6C 1L6
• Company Phone No: 604-809-2102
• Company Email Address: rfindlaymail@gmail.com

NYOTA Power Ltd. (“NYOTA”) is a private company founded and incorporated in British Columbia, Canada pursuant to British Columbia’s Business Corporations Act, in order to develop renewable energy projects initially in four key West African markets that are known as ‘bankable’ jurisdictions welcoming of sustainable commercial development to help offset their acute power deficits.

What sets NYOTA apart from other project developers in Africa is its ability to uniquely leverage Management’s decades long in-country operational expertise and resources established in 12+ countries and its ability to form key strategic alliances required by this mandate. 

Further, by already having these resources and presence on the ground in all of our key targeted (near term) markets (e.g. Ghana, Guinea, Mali and Liberia) NYOTA is unique in the sector as an Early (Project) Developer with a relatively low working capital requirement.

Management has successfully positioned the Company with a strong pipeline of projects, with the potential for success to sign at least a number of definitive power purchase or off-take agreements to develop and supply power in the above mentioned countries, with a few more countries to be added in the future.

NYOTA is currently raising private company financing (the “Private Financing”) of $2,550,000 comprised of a Private Placement financing for gross proceeds of $550,000 through the sale and issuance of 2,200,000 units at a price of $0.25 per unit; where a unit equals one (1) common share plus one half share purchase warrant, and where a full warrant is exercisable into one common share at a price of $0.50 for a period of 24 months and subject to an acceleration clause; and

$2,000,000 debt financing through the sale and issuance of a convertible debenture with a 36 month term, bearing interest at 8% per year and payable semi-annually.  Half of the debenture amount along with accrued interest is convertible at $0.40 per share into commons shares of NYOTA with an acceleration provision at or as part of a Transaction (as defined below).  It is the current intention of both the Company and the Debt Holder to convert the remaining half (50%) with accrued interest to be converted into an economic interest in one of NYOTA’s renewable energy projects.

The above debenture or convertible note will be used towards project commencement or CAPEX funding (e.g. to complete a Final Project Feasibility Study required prior to initiating the EPCM scope of work (Engineer/Procure/Construct/Manage).

Management intends to complete some form of going public transaction in the next 6 to 9 months either with a minimum concurrent financing or a Reverse Takeover of a Listed Issuer or trading “Shell Co.” (collectively, the "Transaction") and as part of having secured at least one definitive off take agreement to supply power along with the required (institutional) Project Funding.

All Team Members & Relevant Parties

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Hassan Hassan

• Position at Issuer: Founder, President & CEO, Director
• Municipality of Residence: London
• Email Address: N/A
• Principal Occupation for the Last Five Years: Managing Director-Operations, Simba Energy

• About:

  A seasoned operator in the African resources sector.  Founder and Managing Director of Operations of Simba Energy Inc. (TSXV: SMB) in 2009 and instrumental in farming out Simba’s O&G portfolio to Essel Group (Essel Group Middle East – EGME) in 2015.  30+ years of international experience as an entrepreneur in North America, China, South America and Africa.  12+ years building an enviable network and circle of influence throughout Africa.

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Robert Findlay

• Position at Issuer: Co-Founder, Director
• Municipality of Residence: Vancouver
• Email Address: rfindlaymail@gmail.com
• Principal Occupation for the Last Five Years: Independent Consultant-Mining & Junior Exploration

• About:

  Brings 25+ years experience in surface & underground mining and equipment related to mining, drilling operations and power generation, including sales & senior management roles with Atlas Copco Canada from 1988 to 2004. Since 2005, an independent consultant for numerous resource junior explorers and project developers. Haileybury School of Mines (class of ‘87).

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Lorena Cicerrelo

• Position at Issuer: Director, Advisory for Corporate & Project Development
• Municipality of Residence: London
• Email Address: N/A
• Principal Occupation for the Last Five Years: Financier & Advisory in Renewable Energy

• About:

  Founder and Managing Director of ANKHAL ENERGY LTD. (London) is a highly accomplished finance professional who, throughout her career, has been responsible for over US$18bn of complex structured project finance, refinancing, restructuring and acquisition specializing primarily in renewable PV Solar and Wind. Between 2007 and 2015, she headed the renewable energy team at Sumitomo Mitsui Banking Corporation where she positioned the bank as a leading global mandated investor in renewable energy. Her team originated and executed more than 40 transactions for a total asset value of US$13+bn across Europe, the Middle East and Africa.

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Gisele Joubin

• Position at Issuer: CFO & Operations Manager-West Africa
• Municipality of Residence: (Vancouver/London)
• Email Address: N/A
• Principal Occupation for the Last Five Years: CFO Managing Director – West Africa

• About:

  Originally from Cote d’Voire, Gisele is a senior-level professional with a Master Degree in International Business and over 15 years of experience steering corporate, financial and business solutions across both local and international environments. In addition to having strong insight for working in Africa, along with previous experiences as a CFO and VP Operations for venture listed resource companies, she brings extensive management and corporate support to the Company.

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Robert Miller

• Position at Issuer: Advisory Board Member and NYOTA’s VP of Finance
• Municipality of Residence: Miami & Vancouer
• Email Address: N/A
• Principal Occupation for the Last Five Years: VP Finance

• About:

  As a seasoned businessman and accomplished financier whom, for the past three decades, Mr. Miller has participated as the principal investor in over fifty business ventures as well as founded and listed numerous companies on the NASDAQ and Toronto Stock Exchange. Working closely with, and consulting for early stage companies he has raised over US $400M in early stage investment capital. Mr. Miller’s experience includes being the founder and Chairman of Crystallex International Corporation, a mining company with an estimated 17 million ounces of Gold. He was also a founder and director of Nanovation Technologies Inc, a developer of fiber-optic products which realized a market capitalization of over $500 million.

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Anu Tayal

• Position at Issuer: Director of Corporate Finance
• Municipality of Residence: London
• Email Address: N/A
• Principal Occupation for the Last Five Years: Director of Corporate Finance

• About:

  Brings over 17 years of experience across accounting and corporate finance (including private and public capital raising and M&A). Most recently a director in the Energy Corporate Finance team at Ernst & Young in London, prior to which Anu was a senior member of the Corporate Finance teams at investments banks Matrix Group and Evolution. Anu is a Fellow of the Institute of Chartered Accountants in England and Wales

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Dr. Harry Moraes

• Position at Issuer: Advisory Board Member & Chairman of Nyota Djibouti
• Municipality of Residence: Dubai
• Email Address: N/A
• Principal Occupation for the Last Five Years: Advisory Board Member & Chairman of Nyota Djibouti

• About:

  Founder & Chairman of FABTECH INTERNATIONAL GROUP (Dubai). Mr. Moraes is highly esteemed and skilled in the fields of large scale metal fabricating, machining and specialty manufacturing for all industrial sectors with established operations spanning the globe. With headquarters in Dubai, as one of the largest and most technically capable steel fabricators in the Middle East and internationally, the FABTECH group of companies operates from strategic locations around the globe providing a full range of services to the oil, gas, power, water and other process industries. Dr. Moraes has also had a great deal of success investing in, and growing other company ventures throughout many industrial sectors.