By Laura Lutz
Des Moines, Aug. 6 - Flex Fuels Energy, Inc., formerly Malibu Minerals, Inc., settled a private placement of stock for $4,384,654, according to an 8-K filing with the Securities and Exchange Commission.
The company sold 4,871,838 shares at $0.90 each.
International Capital Partners SA was the placement agent.
Flex Fuels also plans to raise $73,500 from an additional private placement of stock.
Proceeds will be used for working capital and general corporate purposes.
Flex Fuels is a mining and energy company based in Carson City, Nev. The company changed its name effective as of July 6.
| Issuer: | Flex Fuels Energy, Inc.
|
| Issue: | Stock
|
| Amount: | $4,384,654
|
| Shares: | 4,871,838
|
| Price: | $0.90
|
| Warrants: | No
|
| Agent: | International Capital Partners SA
|
| Settlement date: | July 31
|
| Stock symbol: | OTCBB: FXFL
|
| Stock price: | $2.24 at close Aug. 6
|
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