Daily News logo Newsletter logo   Search News    

Atlas Capital Holdings, Inc. Secures $500,000 Warrant Financing

  Share This Story

Atlas Capital Holdings Inc. (OTCQB: ALCL) (OTCBB: ALCL) (the "Company") announced today that it has entered into a Warrant Purchase Agreement with Innovative Funding Solutions (IFS). Under the terms of the agreement, IFS has committed to provide up to $500,000 of equity capital over the next twelve months in exchange for warrant coverage equal to one and a half times the funding provided at an exercise price of $0.085.

"The Innovative Funding Solutions financing structure is a tool that will provide a flexible source of capital under reasonable terms," stated Christopher Davies, CEO of Atlas Capital Holdings, Inc. "The addition of the financing to our ongoing corporate finance and strategic activities allows us to be opportunistic as we evaluate additional acquisition candidates and grow our current investments."

The Company may choose to draw on the financing at its sole discretion and is not required to pay any commissions to IFS as part of this agreement.

About Innovative Funding Solutions, Inc.
Innovative Funding Solutions provides capital and financial services to small public and private companies who need $50,000 to test an idea or $5,000,000 to take their business to the next level. For more information, go to http://innovative-fs.com.

About Atlas Capital Holdings, Inc.
Atlas Capital Holdings, Inc. was incorporated in the State of Nevada on September 13, 2006. The Company was formerly known as Micro Mammoth Solutions, Inc. and operated as such until January 25, 2010. On January 26, 2010, the Board of Directors of the Company approved a Stock Purchase Agreement between the Company and all of the shareholders of Atlas Capital Partners, LLC. Following the acquisition of Atlas Capital Partners the shareholders approved an amendment to the Company's Articles of Incorporation changing the Company's name from Micro Mammoth Solutions, Inc. to Atlas Capital Holdings, Inc.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Atlas Capital Holdings, Inc. undertakes no obligation to update such statements.



 
Support Wikipedia

NeswBlaze top writers

Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Breaking News: Cannes Film Festival Awards 2012 - 55
2 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 41
3 .Waterless 'Air Cooler PLUS' Beats Summer's Heat Without Making Your Home Muggy - 28
4 .Is It Coincidental We Have Another Missing Petite Blonde Coed, Mickey Shunick? - 15
5 .Very Young Girls Movie Review: Sex, Class and Ho Daddies - 16
6 .Give a Great Valedictorian Speech - Joey Asher - 10
7 .Sandra Bullock's Naked Success - 9
8 .Early Marriage Has Harmful Effects on Women - 8
9 .Nepalese Maoists and Current Situation in Nepal - 9
10 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 10
Updated: 7:59 PDT     1746

NewsBlaze Editors

editors

NewsBlaze Writers

news writer images

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace NewsBlaze Fan Page NewsBlaze StumbleUpon NewsBlaze Political Cartoons NewsBlaze Editorial Cartoons
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room