By Sheri Kasprzak
New York, June 20 - ERF Wireless Inc. sealed a $10 million investment agreement with Dutchess Private Equities Fund Ltd.
Under the three-year agreement, Dutchess may buy shares of ERF at a 7% discount to the market price.
Based in League City, Texas, ERF is a wireless and broadband products and services provider.
| Issuer: | ERF Wireless Inc.
|
| Issue: | Investment agreement
|
| Amount: | $10 million
|
| Tenor: | Three years
|
| Price: | 7% discount to market
|
| Warrants: | No
|
| Investor: | Dutchess Private Equities Fund Ltd.
|
| Settlement date: | June 20
|
| Stock symbol: | OTCBB: ERFW
|
| Stock price: | $0.17 at close June 19
|
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