FONU2 Announces Engagement of Lexden Capital
(firmenpresse) - RINCON, GA -- (Marketwired) -- 05/19/15 -- (OTCQB: FONU) announced today that it has engaged Lexden Capital, LLC ("Lexden") to advise and manage EB-5 financing for the benefit of the Company's construction of sound stages, offices, and film support services on its 1,560 acre property in Effingham County, Georgia. EB-5 financing is a federally created program that facilitates foreign investment in United States based companies that generate new job creation.
Under the terms of the agreement, the initial loan amount under the EB-5 program will be for a minimum of Ten Million Dollars ($10,000,000) and a maximum of Forty Nine Million Dollars ($49,000,000).
"After significant research of various attorneys, investment bankers and EB-5 experts, I am very happy to have partnered with Lexden," stated Graham Bradstreet, Chief Financial Officer for FONU2 Inc. Mr. Bradstreet added, "While the EB-5 process can be somewhat lengthy, it is a proven high quality capital source for projects like ours."
David Soares, CEO of Lexden commented: "I have been following the progress of the Moon River Project for some time. It is very exciting, and I am highly confident that with our expertise, along with our global network, this will be a successful project and partnership."
Lexden provides capital and advisory services for companies, at either the project level or the holding company level. Lexden, along with strategic partners, are able to provide the following services to qualified companies:
Financial advisory services -- corporate and project structuring.
Invest directly at the corporate or project level.
Underwrite, model and arrange, via existing strategic relationships, structured finance.
Source strategic relationships to enhance production efficiencies, lower cost of feedstock, structure off-take contracts to increase revenues or financing options and/or provide capital commitments to fuel a long term business plan.
FONU2 is a public private partnership film studio and production company that is developing a 1,560 acre full service production facility in Effingham, Georgia. The Company also has an e-commerce division that is actively seeking acquisitions to integrate into the social media networks vis a vis the FONU2 platform. For additional information, visit our website, . You can also follow us on our social network, , and .
FONU2 Inc.
Corporate Relations
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Datum: 19.05.2015 - 13:23 Uhr
Sprache: Deutsch
News-ID 394304
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