DGAP-News: Spectral Announces Closing of $1,000,000 Private Placement
(firmenpresse) - DGAP-News: Spectral Capital Corporation / Key word(s): Miscellaneous
Spectral Announces Closing of $1,000,000 Private Placement
11.03.2013 / 07:00
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Spectral Announces Closing of $1,000,000 Private Placement
SEATTLE-(BUSINESS WIRE)-(11 March 2013) Spectral Capital Corporation,
(FCCN.QB) (F3SN: SG, BE) announced today that has closed a financing of
$1,000,000 USD, paving the way for the Company's continued expansion into
the emerging growth technology sector.
'Less than 2 weeks ago, we acquired the Noot mobile search technology to
form the flagship company within Spectral's growing portfolio of high
impact technology companies. We are pleased that we were able to close a
significant private placement to fund the near term development of Noot
within such a short period of time. This financing is a real vote of
confidence in us by the financial markets and investors who follow our
company. We look forward to taking advantage of the improving capital
markets situation and Spectral's momentum to continue growing the company
as an emerging technology leader,' announced Spectral CEO Jenifer
Osterwalder.
Spectral received total proceeds of $1,000,000 USD on March 7, 2012 for
which it issued 1,650,000 restricted common shares in Spectral at $0.65 per
share, along with an equal number of shares as warrants at $0.80 for a two
year period. The shares do not have registration rights or other
preferences. The transaction was non-brokered and no commissions were
paid. The use of proceeds of the financing will be for general corporate
purposes and to fund various technology ventures currently in development
or planned over the next 12 months.
The foregoing securities have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the '1933 Act') or any applicable
state securities laws and were not be offered or sold in the United States
or to, or for the account or benefit of, U.S. persons (as defined in
Regulation S under the 1933 Act) or persons in the United States absent
registration or an applicable exemption from such registration
requirements. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
foregoing securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
ABOUT SPECTRAL:
Spectral acquires and partners with early stage technology companies that
have the ability to grow into independent public companies. We focus on
identifying markets in which a start up has the opportunity to greatly
enhance or become a complete game changer. We look for technology that is
patentable. Through our knowledge and vast network of professionals from
around the world, as well as our experience as entrepreneurs, we provide
support and encouragement for our portfolio teams and their visions.
Spectral's portfolio teams are consumed and innately passionate about the
development of their ideas.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth and business strategy. Words such as 'expects,'
'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,'
'estimates,' and variations on such words and similar expressions are
intended to identify forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors in the
market(s) in which the Company operates; risks associated with operations
outside the United States; and other factors listed from time to time in
the Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
Jenifer Osterwalder
contact(at)spectralcapital.com
(206) 262 7829
End of Corporate News
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203415 11.03.2013
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Datum: 11.03.2013 - 07:00 Uhr
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News-ID 237781
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