By Laura Lutz
Des Moines, Oct. 11 - EP Global Communications, Inc. arranged a $10 million stock purchase agreement with Dutchess Private Equities Fund, Ltd.
Under the agreement, Dutchess will buy stock over the course of three years, at EP Global's discretion.
Each put may be for up to $250,000 or 200% of the average daily volume of the company's stock for the 10 trading days before the put notice multiplied by the average of the three daily closing bid prices immediately before the put date.
The price per share will be 93% of the lowest closing bid price of the common stock during the five days immediately after the put notice date.
Based in Johnstown, Pa., EP Global Communications is a publishing and communications company focused on families of children with special needs.
| Issuer: | EP Global Communications, Inc.
|
| Issue: | Stock purchase agreement
|
| Amount: | $10 million
|
| Term: | Three years
|
| Price: | 93% of the lowest closing bid price of stock during five days immediately after put notice date
|
| Warrants: | No
|
| Settlement date: | Oct. 11
|
| Stock symbol: | OTCBB: EPGL
|
| Stock price: | $0.0006 at close Oct. 11
|
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