TSAS might be a steal right now.. Huge News
PGI ENERGY, INC. announces new standby equity commitment agreement with LeadDog Capital L.P. "This new equity commitment will allow the company to acquire acquisition targets in the oil and gas industry and meet working capital demands as needed," according to the company's investment banker Robert Gandy with Pythagoras Group, who arranged the financing.
The Company has been in negotiations with the seller of significant oil and pipeline assets in the Gulf Coast region for the acquisition of its assets currently producing approx. 500 Bbl per day light sweet crude and pipeline assets generating significant revenues. "The closing of this transaction will allow us to report strong earnings, thus increasing value for our shareholders. We are excited about the opportunity to make significant acquisitions in this growing market environment," says Marcellous McZeal, the Company CEO. We are in the final due diligence phase of evaluating these assets and hope to announce the closing of these and other acquisitions soon!
About LeadDog Capital L.P.
LeadDog Capital L.P. is a private fund based in New York with a focus on investments in smallcap companies with market capitalizations under $500 million. One of the funding vehicles they use is an equity line funding structure to assist companies with their long term funding needs. Joseph B. LaRocco of LeadDog Capital L.P. stated, "We are excited about helping PGI with their funding requirements and the Standby Equity Purchase Agreement we will be entering into with them should provide the necessary equity line funding they need."
About us
PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company's purpose is to acquire assets in the proven producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The company will only acquire proven producing, and income producing assets.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business."
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
For more information visit: WWW.PGIEnergy.us or Email: info@pgienergy.us
SOURCE: PGI Energy, Inc.
PGI Energy, Inc. Media Contact & Investor Relations: Robert Gandy, 713-532-5649
