HUGE Freedom Energy Holdings Inc.- Secures $10,000
Post# of 94266
Posted On: 11/15/2013 8:48:26 AM
HUGE Freedom Energy Holdings Inc.- Secures $10,000,000 Reserve Equity Financing From Redline International, Inc.
Freedom Energy Holdings Inc.- Secures $10,000,000 Reserve Equity Financing From Redline International, Inc.
FORT WAYNE, IN--(Marketwired - Nov 15, 2013) - Freedom Energy Holdings, Inc. (OTC: FDMF) confirms it has signed a Definitive $10,000,000 Reserve Equity Financing Facility (REF) with Redline International, a private investment fund.
"With the signing of this agreement the management team of Freedom is pleased to announce our plans to file an S1 registration of shares to raise a significant amount of capital to fast track the growth of the company. With the assistance of Redline International we will raise up to $10 Million for operating capital and capital to facilitate the nationwide rollout of the ELAS process," states CEO Brian Kistler. "We have seen an overwhelming interest in our ELAS efforts and believe that it will create shareholder value in the long term."
The launch of the first pilot project in Michigan is almost ready to begin operations. Once the Company has completed the initial phase of testing the equipment and process (working out any bugs and inefficiencies), Freedom expects the next phase to follow in a timely manner, in accordance to expectations, after which the project will be fully operational. This first project is expected to process upwards of 100 tons of shingles per day. The Company's goal is to be running at that pace by early spring when the weather in Michigan is conducive to the roofing business.
About Redline International, Inc.
Redline International, Inc. provides flexible equity and debt financing solutions for growth-stage and small cap public companies. Redline invests in public companies around the world listed on most exchanges. Redline performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000®, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. The company has developed and shown a new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
FORWARD LOOKING STATEMENT-This press release contains certain "forward?looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward?looking statements. The Company, through its management, makes forward?looking public statements concerning it expected future operations, performance and other developments. Such forward?looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.
Freedom Energy Holdings Inc.- Secures $10,000,000 Reserve Equity Financing From Redline International, Inc.
FORT WAYNE, IN--(Marketwired - Nov 15, 2013) - Freedom Energy Holdings, Inc. (OTC: FDMF) confirms it has signed a Definitive $10,000,000 Reserve Equity Financing Facility (REF) with Redline International, a private investment fund.
"With the signing of this agreement the management team of Freedom is pleased to announce our plans to file an S1 registration of shares to raise a significant amount of capital to fast track the growth of the company. With the assistance of Redline International we will raise up to $10 Million for operating capital and capital to facilitate the nationwide rollout of the ELAS process," states CEO Brian Kistler. "We have seen an overwhelming interest in our ELAS efforts and believe that it will create shareholder value in the long term."
The launch of the first pilot project in Michigan is almost ready to begin operations. Once the Company has completed the initial phase of testing the equipment and process (working out any bugs and inefficiencies), Freedom expects the next phase to follow in a timely manner, in accordance to expectations, after which the project will be fully operational. This first project is expected to process upwards of 100 tons of shingles per day. The Company's goal is to be running at that pace by early spring when the weather in Michigan is conducive to the roofing business.
About Redline International, Inc.
Redline International, Inc. provides flexible equity and debt financing solutions for growth-stage and small cap public companies. Redline invests in public companies around the world listed on most exchanges. Redline performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a publicly traded company that specializes in the identification and development of technologies with commercial applications in the energy industry sector. The company's original primary focus is the commercial development of its proprietary, heavy oil technology. KC 9000®, a breakthrough technology, provides an effective and cost efficient system to enable heavy oil deposits to flow without heat. The company has developed and shown a new product SR-139 to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
FORWARD LOOKING STATEMENT-This press release contains certain "forward?looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward?looking statements. The Company, through its management, makes forward?looking public statements concerning it expected future operations, performance and other developments. Such forward?looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.
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