Subject: Jericho Security Deposit
From: "Rita Becker" <[email-masked]>
To: "Paul Smith" <[email-masked]>
Cc: "Greg Missal" <[email-masked]>
Date: Tue, 29 Jan 2002 15:29:03 -0700

HI Paul,
I got an e-mail from Greg Missal asking me to confirm the amount of security that they have in place as they need a letter like this with regards to discussions on a possible joint venture.

This is what I have in my files:

- Letter of Credit 1020-9383975-05 expirying Feb. 21 / 03 for $200,000.00
- Letter of Credit 1020-9382975-01 expirying Jan 5/03 for $200,000.00
- Letter of Credit 1020-9383975-04 expirying Nov 8/02 for $100,000.00
- Letter of Credit 1020-9383975-07 expirying June 28/02 for $100,000.00
- Letter of Credit 1020-9383975-06 expirying Apr 11/02 for $100,000.00
- Letter of Credit 1020-9383975-03 expired May 24/01 for $100,000.00 ????

- Cash of $68,000.00 paid cheque 12741 dated May 28, 1999

Tahera calculated the total letter of credits to total $850,000.00 and the $68,000.00 in cash.  As it is possible that NWB might be missing some copies of the security deposit as the originals are forwarded onto DIAND (seems we might be missing 1020-9382975-02), I was wondering if you'd be able to confirm the amount of security deposit? I don't know what is easier for you, but either of the following would work for me:
- confirm to me the amount and I'll send a letter to Tahera with the confirmation
- send a letter directly to Tahera addressed "To whom it may concern" and cc. NWB a  copy.

Thanks Paul!

Rita Becker
Licensing Administrator
Nunavut Water Board
Phone: 867-360-6338
Fax:867-360-6369