Freedom Energy Holdings, Inc. -- Receives $10,000,000 Reserve Equity Financing LOI From Redline International, Inc.
(firmenpresse) - FORT WAYNE, IN -- (Marketwired) -- 10/14/13 -- Freedom Energy Holdings, Inc. (OTC Pink: FDMF) confirms it has signed a $10,000,000 Reserve Equity Financing Facility (REF) Letter of Intent Term Sheet from Redline International, a US based private investment fund, subject to such financing being registered with the Securities and Exchange Commission as well as other conditions.
"The REF is a long term strategic financing partnership that places Freedom Energy Holdings, Inc. in control of how and when we raise equity, minimizing any potential dilution or disruption to our capital structure. Having Redline International as a long-term partner reduces financing uncertainty so we can better focus on achieving our business objectives.
D.J. Donahue, has a great reputation in the industry and the Reserve Equity Financing is a company friendly structure to enable our growth and finance our current business plan," stated Chief Executive Officer, Brian Kistler.
"Brian Kistler is a man who achieves goals and has a long term vision to create shareholder value, I look forward to partnering with him as he grows the company," says D.J. Donahue, Chief Investment Officer of Redline International, Inc.
About Redline International, Inc.
Redline International, Inc. provides flexible equity and debt financing solutions for growth-stage and small cap public companies. Redline invests in public companies around the world listed on most exchanges. Redline performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation.
Freedom Energy Holdings, Inc. (FDMF.PK) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000®, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. The company has developed and shown a new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.
Contact:
Brian Kistler
CEO
260-490-9990
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Datum: 14.10.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 305395
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contact information:
Town:
FORT WAYNE, IN
Kategorie:
Oil & Gas
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