Terra Tech Announces the Launch of GrowMass Program and $6,500,000 Convertible Debenture Financing
"In order to fund the program, create capital resources for potential mergers and acquisitions, implement automation systems at the farm and increase working capital, the Company announced the closing today of a financing that will provide approximately $6,875,000 over the next 12 months. The financing, in the form of convertible debentures (the Debentures") led by Dominion Capital (the "investor") will be purchased by the investor over the course of the next 12 months in a series of tranches, subject to certain customary market-out conditions."
"Aegis Capital Corp. acted as the sole placement agent for the offering."