Posted at 12:00h
Financing to Provide Funds for Cadiz Water Conservation Project Permitting Phase
in Press Releases
LOS ANGELES (September 30, 2010) – Cadiz Inc. [NASDAQ: CDZI] is pleased to announce that it has reached agreement with LC Capital Master Fund, Ltd., the Company’s existing lender, (“Lender”) for an additional $10 million working capital facility. This facility, together with existing cash resources, has been designed to see the Company through completion of its Water Conservation & Storage Project’s (“Project”) environmental review and permitting process.