INfe Human Resources plans to raise up to $2 million from PIPEs or loans in year ahead

By Sheri Kasprzak

New York, April 24 - INfe Human Resources, Inc. said it intends to raise up to $2 million in the coming year. The financing may come in the form of a private placement, a bank loan or another vehicle, according to the latest form 10-QSB INfe filed with the Securities and Exchange Commission.

"The company will seek to raise up to $2 million in equity and long-term debt capital over the next 12 months in order to provide additional working capital and a better and more cost-effective and efficiently capitalized business," said the report. "The financing may be in the form of private placements, bank loans or other financing vehicles."

On Dec. 6, INfe released some of the details of a $3 million convertible note deal. The conversion price of those notes was dependent upon the then-current trading level of the company's stock.

Based in Las Vegas, INfe is a staffing company.

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