River One Resources Announces a $500 Million Financing Term Sheet With a New York Based Funder

HONG KONG, Oct. 09, 2017 (GLOBE NEWSWIRE) -- River One Resources Limited is pleased to announce that it has executed a $500 million prelisting financing term sheet with Milost Global Inc (the "Investor"). The financing is expected to be comprised of $200 million in equity capital and $300 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. The financing was arranged and facilitated by Palewater Advisory Asia Limited in Hong Kong.

The Chief Executive Officer of River One Resources Limited, Richard Li, stated, “The financing agreement with Milost Global does not only serve as a milestone for the development of the company, it also signifies the massive confidence Milost Global has demonstrated in us. The financing arrangement will be used to fund several strategic projects in the coming years. We believe our industry experience, operating track record, coupled with Milost’s international capabilities will lead to a sustainable rapid growth of the company.”

Milost Global signs prelisting financing term sheet

Milost Global, an Africa-focused private equity firm based in New York, has signed a pre-listing financing term sheet with Primewaterview Ltd, a Nigerian real estate investment and development firm. The deal commits up to $2 billion in capital made up of $1.3 billion in equity and the balance in debt for Primewaterview to use to fund its planned development projects in Nigeria. The deal also calls for Milost to meet the cost of Primewater’s eventual IPO filing on the NASDAQ Stock Exchange.

Primewaterview Closes the Milost Financing

VICTORIA, Nigeria, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Primewaterview Limited is pleased to announce that today it has signed the financing agreement and closed the transaction with Milost Global Inc under the Mesa Fund 1, a global opportunity fund that is managed by Milost Global Inc. This is a financing facility of up to $2 billion for the funding of the development of the Company’s projects and to fund growth. The transaction was advised by Palewater Advisory Group Inc in Johannesburg.

Senior Partner & President of Milost Global Inc in Africa, Solly Asibey stated, "This is a great milestone for the Real Estate and Property market in Nigeria and West Africa as whole; and we are delighted to be part of this journey which will have an immediate positive impact on the socio-economic well-being of the region. The investment that Milost has committed to Primewaterview sets them on a path to becoming a formidable player within this space on the African continent, and we will support the management of Primewaterview in their quest to achieve such.”

HRH Prince Adetunji Ogunwusi, the Chairman/CEO at Primewaterview Limited, said, "Beyond housing and the building blocks that make up our housing estates we build aspirations and dreams, we build families, we build long lasting relationships. Over the years our clients have continued to trust us to create a world they are at home with... a world free from the hustles and bustles of city life. My vision as the CEO is to replicate this lifestyle in our daily living, our business, our office environment and our different lifestyle. With the Milost Global partnership with Primewaterview, a new dawn of great business horizon has opened in Nigeria in particular and Africa at large."

Primewaterview Holdings Announces a Reverse Merger on the OTC Markets

NEW YORK, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Primewaterview Holdings Inc a New York based holding and parent company to Primewaterview Limited and Primewater Holdings Limited in Nigeria, is pleased to announce that it has successfully concluded the negotiations to acquire 90% of the total outstanding common and preferred shares of a US publicly traded company. The aim is to merge this company with Primewaterview Limited in Nigeria by infusing all the assets of Primewaterview Limited into the public company, a process that is commonly known as a Reverse Merger and the same will lead to a surviving company that is called Primewaterview Properties Inc. which will be a fully reporting public company on the OTC Markets by the first week of November. The acquisition of the public company will be completed on October 10, 2017.