Published:
Red Mountain Pharmaceuticals Inc. Announces Capital Raise
Red Mountain Pharmaceuticals Inc. (PINKSHEETS: RMPI) announced today a commitment to invest $1,000,000 into the company.
The investment is expected to be completed within the next six months. The
capital will be used to complete due diligence on acquisition targets and
for general working capital.
Charis Industries is a diversified holding company that has controlling
interest of Red Mountain Pharmaceuticals Inc. Charis seeks to purchase,
for long-term investments, companies that are leaders in their specific
markets of service-oriented industries. The Company will employ a buy,
build and cost elimination strategy with its investments. The company looks
for investments, which it can grow through vertical acquisitions, roll-up
acquisitions, turnaround acquisitions, and acquisitions in which the
management team believes there are synergies for cost elimination and/or
cross marketing potential.
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995. Those statements include
statements regarding the intent, belief or current expectations of Charis
Industries, Co., and members of its management as well as the assumptions
on which such statements are based. Prospective investors are cautioned
that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results
may differ materially from those contemplated by such forward-looking
statements. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence
of unanticipated events or changes to future operating results.
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Daily NewsTags: ,Pharmaceuticals and Biotech:Biotech, PharmaceuticalsandBiotech:Drugs, ,INTHPINK,INTHPINK,TX,DALLAS, TX
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