Top Shelf Brands Holdings Corp secures $5 million Credit Facility

42 minutes ago - DJNF

HOUSTON, April 7, 2014 /PRNewswire/ -- Top Shelf Brands Holding Corp, (a Nevada Corporation) (OTCBB: TEMN ), today announced that it has signed a financing agreement for $5 Million with River North Equity, LLC, a private investment firm focusing on investing in small- and micro-capitalized public growth companies. "Securing a financing facility through an Institutional investor provides management with great leverage as our business plan is implemented," said Alonzo Pierce, CEO of Top Shelf Brands Holding Corp. "Management can draw down on this financing at any time giving the flexibility to make strategic decisions on growing our business," continued Pierce.
We anticipate using these funds for acquisitions, and other business activities that will directly result in generating revenue and earnings. This credit facility will not be used for working capital or corporate overhead. We currently have enough cash on hand to tactically move our business plan forward.
Top Shelf Brands Corp is establishing itself to be a premier manufacturer and distributor of the highest quality distilled spirits both domestically and globally. We look forward to announcing more news as we move our business plan forward.

SOURCE Top Shelf Brands Holding Corp
/CONTACT: ir@drinktopshelf.com

(END) Dow Jones Newswires
April 07, 2014 10:05 ET (14:05 GMT)

http://www.marketwatch.com/story/top-shelf-br...2014-04-07