Business
PDX Partners, Inc. Receives $10,000,000 Financing Commitment
PDX Partners, Inc. Receives $10,000,000 Financing Commitment.
About this update from Pdx Partners Inc
[{"type":"text","content":"\n \n \n PDX Partners, Inc. Receives $10,000,000 Financing Commitment\n \n \nPDX Partners, Inc. Receives $10,000,000 Financing Commitment\n \n PORTLAND, OR--(Marketwired - Nov 16, 2017) - PDX Partners, Inc. (OTC PINK: PDXP) (\"the Company\"), a Telecom company, announces that it has executed an equity purchase agreement with L2 Capital, an institutional investor. The capital will create significant growth capability for PDXP, enabling the execution and scaling of its business plan, on favorable terms. \n Under terms of the agreement, PDXP has the right to sell up to $10,000,000 of its common stock to L2 Capital, in an amount that the Company determines. Patrick Johnson, CEO of PDXP, stated: \"This move is important because it has resulted in a significant improvement of the terms under which we can access capital on an as and when needed basis. The Company intends to use this capital for further (IP) development and media spends.\"\n About L2 Capital\n We are a Midwest-based investment firm providing flexible and innovative financing to the small-cap and micro-cap marketplace in a variety of sectors. Our team has over 30 years of combined experience in capital markets, business development, and micro-cap investing. L2 has been created from the investment successes shared by our principals.\n For more information, visit: https://www.ltwocapital.com/\n About PDX Partners\n PDX Partners, Inc. (OTC PINK: PDXP) is a Telecom company dedicated to creating revenue and shareholder value by marketing Telecom products and acquiring other long-term growth assets. The company was founded in 1997.\n For more information go to: www.pdxpartners.net\n Safe Harbor Statement\n This release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that...