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Published on 11/19/2009 in the Prospect News PIPE Daily.

New Issue: EGPI Firecreek secures $15 million line of credit with Kodiak Capital

By Devika Patel

Knoxville, Tenn., Nov. 19 - EGPI Firecreek, Inc. said it arranged a $15 million line of credit with Kodiak Capital Group, LLC.

Kodiak has committed to purchase up to $15 million of the company's common shares over three years.

EGPI is an oil production company based in Scottsdale, Ariz.

Issuer:EGPI Firecreek, Inc.
Issue:Equity line of credit
Amount:$15 million
Tenor:Three years
Warrants:No
Investor:Kodiak Capital Group, LLC
Pricing date:Nov. 19
Stock symbol:OTCBB: EFIR
Stock price:$0.08 at close Nov. 18
Market capitalization:$1.68 million

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