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.


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


The article Kabe Exploration Announces Loan Agreement with Phoenix Group Capital Markets originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.