BrewBilt Brewing Co (BRBL)

[coolcoins]

Re-reading this PR about the financial arrangements, I keep thinking we should be getting one heck of an announcement on the agreed-upon milestones being reached. Since we've seen dilution, we can assume that the Venture Capital firm is disbursing funds to Grid.


The Company is please to announce the terms of the financing are to provide the company with a commitment to fund up to $2,500,000.00 during the next 5 quarters of 2012. The financing will be available to the company in tranches of $500,000.00 based upon completion of certain milestones by the company concerning lease acquisition and field development.

The proceeds of the initial round of financing are to provide direct drilling and field development working capital and expenses.

The Company will receive the first tranche of funding under the terms of the agreement this next financial quarter