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SNM Global Holdings Secures Funding
2010-01-13 08:00 ET - News Release
ORLANDO, FL -- (MARKET WIRE) -- 01/13/10
SNM Global Holdings (PINKSHEETS: SNMN) continued with its move towards the OTCBB by securing a $10,000,000 equity credit line with Tangiers Investors LP.
SNM Global Holdings has signed a binding Term sheet and will move forward with the completion of the signing of the final documents as they get closer towards filing for the OTCBB.
The company stated, "The term of the credit line is over a two year period for up to a $10,000,000 credit line and will be effective with the approval of an S-1 registration statement. The company is excited about the opportunity and the funding will assist with the execution of the company's business model."
The company is working on plans for additional acquisitions and will appoint 2 additional members for the board of directors. The company will form two additional boards -- an Investment Evaluation and General Advisory board. Additional details will be announced via Press Release and Twitter.
PLEASE NOTE- Follow the Company on Twitter at www.twitter.com/snmglobal for updates and company info.
About SNM Global
SNM Global Holdings is a business development company that specializes in the investment in the Social Media / Content Development, Alternative Energy and Web/IT Technology industries through their subsidiaries and investments that will include strong support and promotional strategies.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays and risks detailed from time to time in the company filings with the Securities and Exchange Commission.
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CONTACT:
SNM Global Holdings
3936 South Semoran Blvd
Suite 413
Orlando Fl 32822
Email Contact
www.SNMGLOBALHOLDINGS.com
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