Thursday, February 09, 2012 9:05:26 AM
Creates Non-Convertible Preferred
FT. LAUDERDALE, Fla., Feb. 9, 2012 /PRNewswire via COMTEX/ -- Baron Capital
Enterprises, Inc. (otcpk:BCAP) (http://www.baroncapitalenterprise.com) is pleased
to announce that its Transfer Agent division is fully operational.
Baron Capital Transfer and Registrar is officially opened and is in the process
of working with a few companies to begin transferring their accounts. The process
can take up to two weeks to transfer over to Baron.
Baron Capital is creating a Non-Convertible Preferred that will offer a 10%
coupon paid annually. The shares will be redeemable by the Company after two
years at a twenty percent premium. There will be 2 million shares of the new
Preferred created that the Company will seek to sell at $.50 per share.
The funds will be used to further the business plan of the Company by obtaining
its own brokerage firm which is the key element of the Company's success.
Updates will follow shortly.
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