Victoria, BC, Canada (May 13, 2008) Carmanah Technologies Corporation (TSX: CMH), a provider of solar power technology, has negotiated a new $10M, three-year committed operating facility arrangement with BMO Financial Group.
According to Roland Sartorius, Chief Financial Officer for Carmanah, the three-year bank credit facility offers greater convenience, flexibility and stability for the long term than a month-to-month arrangement.