NXIL Board calls further NXIL Noteholder Meeting to ratify detailed plans for NXILLC restructuring. NXIL Board completes successful Capital Call from NXIL Noteholders.
NXIL Board upgrades website and commences work on NXILL Private Placement Memorandum (“NXILLC PPM”)
NXIL Board meets with Keystone Consolidated Industries, Inc. (“KCI”)
NXIL Board decides to seek funding for preliminary expenses from NXILLC EB-5 Project and appoints Withers Bergman as advisor on EB-5 Program
NXIL Board is re-structured. Ron Baker appointed Executive Chairmen & CEO
NXIL Board agree terms for up to $10m of working capital funding conditional upon sourcing $18m in preliminary expense.
NXIL Board reaffirms NX-SCR sales pipeline - North East US Market exceeds 20,000 tons
KCI and NXIL sign MOU for manufacturing of NX-SCR at Calumet.
This is subject to NXIL sourcing $25m in funding in order to execute NXILLC Business Plan including $18m in preliminary expenses
NXIL and KCI discuss NXILLC Business Plan which is agreed by NXIL Board.
NXIL visits KCI Headquarters in Peoria, Illinois to negotiate
“toll rolling agreement” and “supply agreement” for manufacture of NX-SCR at Calumet.
NXIL Board receives 94.59% of votes in favour of NXILLC restructuring
Wales Rolling Mill sold to Elco Steel and shipped to Alexandria (Egypt)