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Anaergia Inc.
11/14/2023
Hello everyone and welcome to the Anjira third quarter 2023 conference call and webcast. My name is Carla and I will be your operator for today's call. Today's call will include a Q&A session. To register your question, please press start followed by one on your telephone keypad. If you wish to revoke your question at any point, please press start followed by two. I will now hand over to your host, Darlene Webb, of Investor Relations, to begin. Please go ahead when you're ready.
Thank you very much, Carla. And good morning, everyone. On this call, we'll be discussing Energia's third quarter of 2023, and it's September 30. If you're following along with our slides, my comments are directed to slides one through three. For our call today, I'm joined by Mr. Brett Hodson, Energia's CEO, Dr. Yaniv Shersen, Energia's Chief Operating Officer, and Mr. Andrew Spence, Energy as Chief Financial Officer. Before beginning our formal remarks, we would like to refer listeners to slide two of the presentation, which contains a caution on forward-looking information and a note on the use of non-IFRS measures. Listeners are reminded that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated in these forward-looking statements. Energia does not undertake to update any forward-looking statement, except as may be required by applicable laws. Listeners are urged to review the full discussion of risk factors in the company's perspectives, which is filed with Canadian securities regulators. And lastly, while this conference call is open to the public, For the sake of brevity, questions will be prioritized for analysts. And with that, I'll turn the call over to Brett.
Thank you, Darlene. Good day, everyone. I'm on slide four for reference. The company's Q3 financial statement and management discussion and analysis of the financial condition and results have been released and describe and reflect our situation. As a summary, The third quarter continued to be a difficult and challenging time for Energia. In Q3, the company launched a strategic review and engaged financial advisors, including Piper Sandler, to assist the company in identifying options for going forward. While the strategic review is currently ongoing, one of the earlier actions taken from the strategic review included the sale of our six Italian build, own, and operate assets to Argent Infrastructure Partners. I'll take a bit more time later on in the presentation to describe more about that. A few other significant items to highlight include the fact that we secured senior debt in one of our subsidiaries to finance the remaining construction and commissioning of the BOO project and working capital for our Rhode Island facility in the town of Johnston, Rhode Island. We also reached an agreement with certain bondholders and their affiliates for a senior secured super priority multi-draw term loan facility on the Rialto Bioenergy Facility, which will give more of an update on that situation a little later in the presentation as well. With that summary, I'm going to pass it over to Andrew Spence to go through some more of the details on the financials.
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