Filed in: Electric Car Companies, Alternative Fuel Cars, Electric Car Stocks, Alternative Energy Vehicles, Alternative Energy, Electric Car Stocks, pre-owned hybrid vehicles
Drawdown Equity Financing – EVCARCO, Inc. signed a $10 Million drawdown equity financing agreement with Boston based Auctus Private Equity Fund, LLC (“Auctus”).
It is anticipated that the funds will be used for dealership acquisitions, operations and general corporate use.
The Auctus Agreement requires the Company to file for fewer shares and should have a gradual effect on our share structure due to the 36 month term. The Company is also looking at several smaller debt financing packages from other firms and financiers to help leverage the Company’s need for funding and growth.
EVCARCO web site: http://evcarco.com/
Profile on EVCARCO: http://stockguru.com/about/evca/
The Company will control the timing and amount of any sales of shares to Auctus. There are no financial or business covenants, restrictions on future funding, rights of first refusal, participation rights, penalties or liquidated damages in the purchase agreement. The Agreement may be terminated by the Company at any time, at its sole discretion, without any cost or penalty.
EVCARCO Disclosure: Stonebridge IQ Web and SEO (“SIQ”) entered into a web development and search engine optimization agreement with EVCARCO, Inc. (“EVCA”). SIQ will be providing services over a period of six months with a likely renewal period of six months perpetually as long as both parties are in agreement. SIQ has been paid twenty two hundred dollars and one million five hundred thousand shares of restricted EVCA common stock. SIQ further anticipates monthly billing for web and writing expenses. That fee is capped at two thousand dollars monthly, and will likely be far less than that as the fee is related to expenses and freelance writers. To avoid all potential conflicts of interest, we never buy or sell shares in the open market for a client company while active. This means that as we bring awareness through the sites we create for EVCA and the SEO blogs about EVCA, you can be confident we are not selling shares at the same time. SIQ is not a registered investment adviser or a broker/dealer. SIQ makes no recommendation that the purchase of securities of our client companies are suitable or advisable for any person, or that an investment in such securities will be profitable. SIQ will often utilize the promotional web sites of our affiliate Pentony Enterprises LLC to benefit our clients in our SEO efforts and for market awareness. Stonebridge IQ Web and SEO LLC – http://www.stonebridgeiq.com – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.
Original post: EVCARCO, Inc. (OTCBB: EVCA) – Major Financing with Limited Impact on Shareholders
Wallpaper for mac