Business
Converde Energy USA, Inc. to Receive up to $3M Investment from GPL Ventures, LLC
Converde Energy USA, Inc. to Receive up to $3M Investment from GPL Ventures, LLC.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n\n\n\nConverde Energy USA, Inc. to Receive up to $3M Investment from GPL Ventures, LLC\n\n\n\n\n\nConverde Energy USA, Inc. to Receive up to $3M Investment from GPL Ventures, LLC\nPR Newswire\nALLENTOWN, Pennsylvania, June 13, 2017\n\n\n\nALLENTOWN, Pennsylvania, June 13, 2017 /PRNewswire/ --\n\nConverde Energy USA, Inc. (OTC: XFUL) (the \"Company\" or \"XFUL\") announced today that on June 6, 2017, it entered into a Securities Purchase Agreement with GPL Ventures LLC (\"GPL\") in which GPL may purchase common stock equal to a value of up to Three Million Dollars ($3,000,000) when XFUL has qualified the necessary number of shares under Regulation A through an offering statement (Form 1-A). XFUL intends on filing the offering statement within the next thirty days.\n\n\"We are very excited to have this investment agreement in place as a primary funding vehicle for the company,\" said Brad Domitrovitsch, Chairman & CEO of XFUL. \"The relationship with GPL will be key for us and our investors as we execute on the business plan to expand both organically and through acquisitions. Initial capital from GPL will be used for the growth of our energy business lines.\"\n\nAdditionally, on June 6, 2017, the Company issued to Minivest (http://www.minivest.com ) a Convertible Promissory Note (the \"Note\") in the principal amount of $100,000 to retain Minivest as its business advisor and gain access to an online marketing platform. Minivest shall give XFUL the ability to build a webpage within its website for the purpose of advertising itself. The Note accrues interest at the rate of eight percent (8%) per annum and is due in full on or before May 23, 2018.\n\n\"Minivest is proud to work with Converde Energy on its Regulation A Offering. Our team has the utmost confidence in XFUL, and we will continue to back their new and exciting direction into the energy sector while supporting their promising initiatives and vision for the future,\" Minivest management commented.\n\nAbout Converde Energy USA, Inc. (XFUL) \n\n\nXFUL and its group of companies focus on providing solutions in markets where energy production and water meet technology.  Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and gov...