VICT .0249 BEHEMOTH 7M COMMITMENT NEWS:
Victura Construction Receives $7,000,000 Commitment From GHS Investments LLC
Commitment to Aid in Financing Mobilization Efforts and Business Expansion
DALLAS, TX -- (Marketwired) -- 09/11/17 -- Victura Construction Group, Inc. (OTC PINK: VICT) ("the Company"), a holding company focused on strategic acquisitions within the construction industry that service both residential and commercial sectors, announces that it has signed an equity purchase agreement (EPA) with GHS Investments LLC, an institutional investor. The capital will create significant growth capital for VICT, enabling the execution of its business plan, on favorable terms.
Under terms of the agreement, VICT has the right, but not the obligation to sell, up to $7 million of its common stock to GHS, in an amount that the Company determines. Patrick Johnson, CEO of VICT, said, "We intend to use this new infusion of cash from GHS to expand our business model of insurance restoration."
Johnson further stated: "This move is important because it has resulted in a significant improvement of the terms under which we can access capital on an as and when needed basis. The Company intends to use the capital for adding additional administrative personnel, and for expansion into Texas regions affected by recent Hurricane Harvey."
