Business
CABLECLIX (USA), INC. ANNOUNCES UP TO $500,000.00 FINANCING
CABLECLIX (USA), INC. ANNOUNCES UP TO $500,000.00 FINANCING.
About this update from Cableclix Usa Inc
[{"type":"text","content":"CableClix\n(USA), Inc. (OTCPK:CCLX) (“CableClix” or the “Company”) Kris Domich, President of CableClix (USA), Inc. is pleased\nto announce that CableClix has entered into a financing arrangement in the\namount up to Five Hundred Thousand Dollars (“$500,000.00 USD”) investment into\nCableClix from a group of private investors, where an initial ~$100,000.00 has\nbeen duly received by the company. The terms of the investment are in the form\nof a Promissory Note to the Company, with a two-year term at an annual interest\nrate of (“8%”) eight percent. The Promissory Note is convertible to common\nstock at the conversion price of $0.15 fifteen cents per share. No commissions\nwere paid on the investment. \n\nCableClix\nwill use the proceeds for the previously announced build-out of a multi-station national head-end at its\nheadquarters in Winchester, VA. The head-end will initially serve the\nWashington, DC metropolitan broadcast area comprised of approximately 2,443,640\nTV homes with the capability to expand seamlessly to full national coverage. \nThis head-end will be the start of the CableClix long term station lineup in\nthe Washington, DC market prior to being deployed nationally. The initial\nlineup will provide a wide selection of local, national and international\nchannels serving a wide array of news, sports, movies, weather and popular\nseries programming. Please see CableClix\npress release April 01st, 2016.\n\nCableClix\nand the shareholders of CableClix, would like to thank Mr. Gregory Steinke for\nthe assistance in securing this investment and his continued efforts on\nbuilding value for the company, which has maintained its status as a current\nfiler with the SEC and OTC Markets and is poised for new added value and\nmomentum. Additional investment into the company is presently being evaluated\nto support CableClix general working capital, legal and accounting fees as well\nas any advances to its business opportunities.\n\nAbout CableClix (USA), Inc. \n\nCableClix, Inc. was formed in 2013 to be a\nleading provider of high definition streaming television over broadband\nconnections. Our goals remain as they were at our inception; deliver\nquality television programming in high and ultrahigh definition, including\nlocal network content, directly to the local consumer, on nearly any dev...