Investor Arbat Capital Group also will receive 12,743,077 bonus shares
By Devika Patel
Knoxville, Tenn., Dec. 16 – Nesscap Energy Inc. said it arranged a $3 million 10% loan agreement with Arbat Capital Group Ltd.
The loan is due on June 30, 2017.
Arbat also will receive 12,743,077 bonus common shares.
Settlement of the first tranche for $1 million is expected Dec. 31.
Based in Toronto, Nesscap’s products are used to replace or enhance the performance of energy and power needs for modern applications ranging from portable electronic devices to high-tech ‘green’ cars and are available in both cells and modules.
| Issuer: | Nesscap Energy Inc.
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| Issue: | Loan, 12,743,077 common shares
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| Amount: | $3 million
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| Maturity: | June 30, 2017
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| Coupon: | 10%
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| Warrants: | No
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| Investor: | Arbat Capital Group Ltd.
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 31 (for $1 million)
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| Stock symbol: | TSX Venture: NCE
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| Stock price: | C$0.07 at close Dec. 15
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| Market capitalization: | C$18.4 million
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