38 Studios - Payment Clears

VG247 reports Rhode Island Governor Lincoln Chafee held a press conference to announce 38 Studios' first payment had now cleared:

Earlier reports stated that in order to make the required payment, the firm deferred payroll and let go of all contract and temporary staff. The report also said the check handed over to the state bounced, but it seems to have cleared now.

“It’s time for them to go out and get private capital funding,” said governor Chafee. “That’s the deal. It’s a generous deal, but stick to it.

“I want to make sure we’re doing everything possible to make sure 38 doesn’t fail. We’re in deep. There’s not going to be any money from the state. They’re not coming here for easy money.”

He also revealed 38's Copernicus MMO is expected June 2013, if they make it there.