SPO Global Inc (SPOM)

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SPO Global Signs an Important Financing Deal for a Future Acquisition and Uplisting

07/14/2016

As part of this financing transaction the company has increased its authorized to issue 750,000,000 shares of which 748,000,000 are shares of Common Stock , par value $0.01 ,

and 2,000,000 shares are Preferred Stock par value $0.01.

http://ih.advfn.com/p.php?pid=nmona&article=71971483

Owen Dukes, CEO of S.P.O. Global Inc., commented, "We are very pleased to announce that SPO Global has signed an important financing deal with a leading alternative investment fund that will propel us to the next step in growing our business substantially ".

The investment by Blackridge Capital LLC will be a based upon a fixed floor price rather that a toxic discount to market price.

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