Financing agreement negotiated with investor Centurion Private Equity
By Devika Patel
Knoxville, Tenn., June 8 - Kurrant Mobile Catering, Inc. said it arranged a $10 million equity funding facility with Centurion Private Equity, LLC.
The three-year deal will be conducted at a discount.
Proceeds will be used for expansion.
The Montreal-based telecommunications company was recently acquired by Transit Publishing Inc. in a reverse merger.
| Issuer: | Kurrant Mobile Catering, Inc.
|
| Issue: | Equity funding facility
|
| Amount: | $10 million
|
| Tenor: | Three years
|
| Price: | Discounted
|
| Warrants: | No
|
| Investor: | Centurion Private Equity, LLC
|
| Settlement date: | June 8
|
| Stock symbol: | OTCBB: KRMC
|
| Stock price: | $0.01 at close June 8
|
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