InterCore Energy will buy 20 million common shares at $0.05 per share
By Devika Patel
Knoxville, Tenn., May 29 - Epec Biofuels Holdings, Inc. negotiated a $1 million private placement of stock with InterCore Energy Inc. on May 21, according to an 8-K filed Tuesday with the Securities and Exchange Commission by the investor.
The company will sell 20 million common shares at $0.05 per share.
Epec is a private ethanol producer in Plantation, Fla.
| Issuer: | Epec Biofuels Holdings, Inc.
|
| Issue: | Common stock
|
| Amount: | $1 million
|
| Shares: | 20 million
|
| Price: | $0.05
|
| Warrants: | No
|
| Investor: | InterCore Energy Inc.
|
| Pricing date: | May 21
|
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