Investorideas.com

Investorideas.com
Breaking News

Investorideas.com newswire

Friday, August 30, 2013

LOHAS Stock Alert: Microlog (OTC: MLOG) Announces Closing Of $300,000 Of Financing

BETHESDA, Md. - August 30, 2013 (Investorideas.com newswire) Microlog Delaware Corporation (OTC: MLOG) (the "Company") announced today that it has closed on $300,000 of financing for the Company. The financing took the form of a $300,000 convertible promissory note, convertible at the holder's option into Company restricted common stock at a fixed price of $.12 per share. The term of the note is 18 months and it carries a 9% coupon. The private investor also received 300,000 warrants to purchase Company common stock at $.12 per share.

"We are pleased to announce the closing of this important financing for our Company," said David Sackler, CEO of the Company. "The financing supports our wholly owned subsidiary Silverbow with working capital and strengthens our corporate liquidity. We are now looking for additional acquisitions in the natural and nutritional foods space to complement Silverbow as we grow our Company."
Forward-Looking Statements:
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of NutraBev, Microlog, or Microlog Maryland to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
Media Contact:
David Sackler
CEO
(516) 513-5113
dsackler@nutrabev.com
Disclaimer/ Disclosure: The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Investorideas has been compensated for news publishing and content marketing : ( three thousand five hundred first month plus 17,500 restricted shares for month two) for two month period) http://www.investorideas.com/About/Disclaimer.asp
Warning this company is not fully reporting at this time: more info: http://www.otcmarkets.com/stock/MLOG/quote
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Post a Comment