Business
Sauer Energy Secures Another Equity Line From Beaufort
Sauer Energy Secures Another Equity Line From Beaufort.
About this update from Better For You Wellness Inc.
[{"type":"text","content":"\nSauer Energy Secures Another Equity Line From Beaufort\n\nSauer Energy Secures Another Equity Line From Beaufort\n\n\n OXNARD, CA--(Marketwired - February 11, 2016) - Sauer Energy Inc.® (\"SEI\") (OTCQB: SENY), developer of the patented WindCharger® and manufacturer of the WindCutter, vertical axis wind turbine (VAWT) reports that it entered into an Equity Purchase Agreement on December 21, 2015, with Beaufort Capital Partners, LLC, (\"Beaufort\") a New York limited liability corporation to advance operations, certification and manufacturing capabilities. The resulting S-1 Registration was filed with the Securities and Exchange Commission (SEC) on January 5, 2016. SEI is awaiting its effectiveness to be deemed by the SEC. \"We've had a pleasant financial partnership with Sauer Energy in the past and look forward to furthering our relationship with the Company as they continue to grow and expand their business in the renewable energy space,\" commented Robert Marino, Managing Member, Beaufort Capital Partners, LLC.The Equity Line maximum commitment is $3,000,000 (three million dollars). The prevailing SEI share price at market will dictate the issuance share price to Beaufort. Displayed on SEI's website is the December 23, 2015, 8K filing.This new equity line will enable SEI to complete the certification of the WindCutter and further the manufacturing process, initiate heavy marketing and institute pilot programs. With another round of financial investment in SEI, Beaufort has demonstrated its confidence in SEI, its team and the WindCutter.\"The wind industry is growing very fast and global delivery capabilities are critical. The security that this equity line establishes for us is tremendous and it will solidify the foundation of our business. Our past achievements have paved the way toward our final revenue target. Our team is enthusiastically anticipating bringing this innovative product to the next level. We are all eager to meet the demand head-on!\" stated Dieter Sauer, CEO and President of SEI.Furthermore, SEI would like to extend its appreciation to all who work so diligently on our behalf, year after year, and to our extended corporate family. Without you, none of this could ever be possible. You have our highest level of gratitude.\n About Sauer Ene...