SEFE, Inc. (fka SEFE)

[pumpnass]

SEFE, Inc. (OTCBB: SEFE) Signs $2 Million Financing Term Sheet. SEFE, Inc. (OTCBB: SEFE) signed a $2million financing through a nonconvertible preferred debenture. The funding is expected to help SEFE Inc. (OTCBB: SEFE) continue to make strides toward research, development, and commercializing its Harmony III units, while also protecting the intellectual property developed over the past four years.
A debt structure was chosen rather than equity financing in order to preserve shareholder value and avoid dilution. The term is five years and the 8 percent coupon will be paid semiannually.