Rival Technologies, Inc. (OTC:RVTI) has singed a financing agreement securing $137 million for the development of its TRU Processing. Financing will be done by Bridge Gap Konsult in Calgary, Canada and will take place over the next 36 months. The financing will take place in three stages and the company will release further press releases upon the completion of each stage.
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Rival Technologies Inc operates on a consolidated as a holding company. Its wholly owned subsidiary is CWI Technology, Inc. and its majority owned subsidiary is TRU Oiltech, Inc. The businesses are engaged in the business of developing technologies regarding continuous water injection in diesel engines.
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