11:46 AM EST - Orbite Aluminae Inc. : provided an update on the construction and financing of its high purity alumina plant (HPA) located in Cap-Chat, Québec. The Company recently received confirmation from its tax consultants that it should be eligible to receive up to $7.5 million in tax credit refunds for the investments carried out in fiscal 2015. Along the same lines as the bridge loan announced in January, Investissement Québec has agreed to provide Orbite with a $5-million bridge loan, collateralized against the Company's investment tax credits receivable for the year 2015. The loan is conditional on the finalization of customary documentation and Orbite expects the conditions to be similar to the collateralized bridge loan provided by IQ in January 2015. Orbite Aluminae Inc.
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