Published on 1/22/2010 in the Prospect News PIPE Daily.
New Issue: EGPI Firecreek issues $1.09 million in notes to St. George Investments
By Devika Patel
Knoxville, Tenn., Jan. 22 - EGPI Firecreek, Inc. sold a $1 million secured promissory note and an $86,000 convertible promissory note to St. George Investments, LLC for $925,000 on Jan. 15, according to an 8-K filed Friday with the Securities and Exchange Commission.
The $1 million note is due Feb. 15, 2010.
EGPI is an oil production company based in Scottsdale, Ariz.
| Issuer: | EGPI Firecreek, Inc.
|
| Issue: | Secured promissory note, convertible promissory note
|
| Amount: | $1,086,000
|
| Maturity: | Feb. 15, 2010 (for $1 million)
|
| Price: | $925,000
|
| Warrants: | No
|
| Investor: | St. George Investments, LLC
|
| Pricing date: | Jan. 15
|
| Stock symbol: | OTCBB: EFIR
|
| Stock price: | $0.05 at close Jan. 15
|
| Market capitalization: | $1.43 million
|
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