$QEGY BDC will help Quantum fund its oil and gas e
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$QEGY BDC will help Quantum fund its oil and gas exploration, drilling, well completion and fuel distribution efforts
2013-12-18 07:30 ET - News ReleaseTEMPE, AZ -- (Marketwired) -- 12/18/13Quantum Energy, Inc. (PINKSHEETS: QEGY) announced today that it has signed an Engagement Agreement with Data Capital Corp (DCC) of New York, NY to assist Quantum in the formation of a Business Development Company (BDC) as a subsidiary under the Small Business Investment Incentive Act of 1980 ("BDC Act"), and the Investment Company Act of 1940. Under the Agreement DCC will form Quantum Funding, Inc. as a BDC and make all of the legal and regulatory filings including the N-54a and Form 1-E to raise an initial $5,000,000. Upon receipt of the funding, Quantum Funding, Inc. will then be acquired as a subsidiary by QEGY in a share exchange and move towards the eventual filing of an N-2 Registration Statement to raise even greater amounts of capital.
"Quantum is very pleased to have engaged DCC to facilitate this BDC investment vehicle for QEGY," said Stan Wilson, Chairman and President of Quantum.In addition to pursuing refinery development opportunities, the BDC will help Quantum fund its oil and gas exploration, drilling, well completion and fuel distribution efforts.
The new Quantum website including new management bio's can be found at www.quantum-e.com
About Quantum Energy, Inc.QUANTUM ENERGY, INC. is a development stage publicly traded diversified holding company with an emphasis in land holdings, refinery and rail transload development, oil and gas exploration, drilling, well completion and fuel distribution.
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