OneRoof Energy, Inc. (San Diego, CA, U.S.), a residential solar photovoltaic (PV) services provider and wholly owned subsidiary of OneRoof Energy Group, Inc. on May 14th, 2015 announced that it has completed a previously announced private placement of convertible notes.
Specifically, convertible notes in the principal amount of USD 3,155,551 were issued by OneRoof Energy in exchange for the same amount of existing indebtedness owed by OneRoof Energy, and its subsidiaries, to Spindrift Equities, LLC, an existing investor in OneRoof Energy.
The Company received no additional cash proceeds from this financing. All securities issued pursuant to the private placement are subject to a statutory hold period of four months pursuant to Canadian securities laws, as well as any statutory hold periods mandated by relevant U.S. securities laws.
2015-05-15 | Courtesy: OneRoof Energy | solarserver.com © Heindl Server GmbH
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