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