$MCIC..MultiCorp International, Inc Receives Commi

$MCIC..MultiCorp International, Inc Receives Commitment For $50 Million Strategic Equity Investment Date :03/06/2013 @ 9:00AM
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.

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