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NASCO closes financing deal with Crestline

NASCO Energie & Rohstoff has acquired financing from Crestline Investors, Inc.’s Fund Liquidity Solutions Group. The proceeds are going to be used to purchase the working interest and to expand helium production. NASCO owned 60% interest at the helium gas field in Arizona and post financing, it will own 80%. This additional working interest means additional access to proven, producing helium reserves (1P) in Arizona. The company has also obtained a 13-year take-or-pay agreement with a North-American buyer that guarantees the purchase of certain volumes at pre-negotiated prices.

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