Kabe Exploration Announces Loan Agreement with Phoenix Group Capital Markets
Kabe Exploration Announces Loan Agreement with Phoenix Group Capital Markets
SAN DIEGO--(BUSINESS WIRE)-- Kabe Exploration, Inc. (OTCBB: KABX) is pleased to announce that it has secured a bridge loan with Phoenix Group Capital Markets, a UK holding company, through its wholly owned micro-cap investment fund. The bridge loan was secured with restricted stock for operating capital purposes. The company had previously entered into a $5,000,000 Reserve Equity Financing Agreement with Phoenix Group in a term sheet announced in May. "This bridge loan affirms the level of investment confidence we are seeing from the professional investment community," said Erik Ulsteen, the company's CEO.
About Phoenix Group Capital Markets
Phoenix Group Capital Markets is a micro-cap fund that specializes in investing in micro-cap and mid-cap companies internationally. They typically fund companies through debt or equity investments in public companies. Website: www.phoenixgroupcap.co.uk
About Kabe Exploration, Inc.
Based in San Diego, California, Kabe Exploration, Inc. is an oil & gas exploration and development company that acquires mineral rights in prolific shale plays for production.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Kabe Exploration, Inc.
Erik Ulsteen, 858-699-1359
Email: investorrelations@kabeexploration.com
Website: www.kabeexploration.com
KEYWORDS: United States North America California
INDUSTRY KEYWORDS:
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