MultiCorp International, Inc Receives Commitment For $50 Million Strategic Equity Investment
PR Newswire
SUN VALLEY, Calif., March 6, 2013
SUN VALLEY, Calif., March 6, 2013 /PRNewswire/ -- MultiCorp International, Inc, (OTC Pink: MCIC) has received a commitment for a $50 million dollar strategic equity investment from Future Energy, LLC, a Hawaiian energy company. Under the terms of the commitment, Future Energy LLC has agreed to invest $50 million in MultiCorp over the next 12 months in exchange for 100 million shares of MultiCorp common stock. Per the agreement, MultiCorp will receive an initial investment of $10 million within 30 days in exchange for 50 million shares of common stock. Future Energy will then invest another $15 million within 90 days and the last $25 million within 12 months at which time the remaining 50 million shares of common stock will be issued. Future Energy, LLC will be named as MultiCorp 's energy partner to bring their vast array of energy solutions to the Dawson Creek project as well as other housing and development projects the company is currently bidding on to include a 100,000 unit multi-living complex.
The company released the following statement, "MultiCorp International, Inc is incredibly fortunate to have a company realize our true potential and invest this significant amount into the company. This investment will now allow the company to completely build out the entireDawson Creek property, allow us to secure additional land for future developments, and to secure future projects the company has been bidding on the last six months in Europe, Africa, and Asia as well as targeting several opportunities to expand the company here in the U.S.," stated Mr. Paul D. Lisenby, CEO of MultiCorp International, Inc. "With the assistance of Future Energy, LLC the ability to implement green energy solutions to our housing and development projects will certainly bring worldwide attention to what we hope to achieve in the development sector of the company."
Future Energy, LLC released the following statement, "We feel very confident this investment into MultiCorp will assist the company in its global expansion into the energy sector. MultiCorp has shown their vision for Dawson Creek and other projects globally will certainly allow Future Energy, LLC to realize incredible profits. As MultiCorp secures additional projects Future Energy, LLC will be able to assist in providing power stations, renewable energy products, and other large power solutions that will be needed to deliver proper solutions for their power needs," stated Mr. Jason Sabol, CEO of Future Energy, LLC.
