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Background <br /> • Closing occurred on January 18, 2013, which <br /> transferred the property to Touchstone <br /> • Project is "shovel ready" : permits ready to pull <br /> • Agreements signed at closing call for project <br /> completion by October 31, 2015 <br /> • Under agreements signed at closing, there are <br /> three interim deadlines : <br /> • Equity financing by June 30, 2013 <br /> • Debt financing by October 31, 2013 <br /> • Construction start by October 31, 2013 <br />