California Grapes International, Inc. Receives $10,000,000 Reserve Equity Financing from AGS Capital Group
California Grapes International, Inc. Receives $10,000,000 Reserve Equity Financing from AGS Capital Group
Apr 12, 2012 6
(BUSINESS WIRE) - California Grapes International, Inc. (otcpink:CAGR) a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, confirms it has now received a $10,000,000 in Financing from AGS Capital Group, LLC a US based specialist investor group to fund operational expansion in China.
The AGS “REF” program is a long term strategic financing partnership that places “CGI” in control of how and when we raise equity, minimizing any potential dilution or disruption to our capital structure. “CGI” has the discretion to periodically sell common shares when the prices are attractive to do so. “CGI” decides when the funds are raised and how the funds are utilized. Having AGS Capital Group, LLC as a long-term partner reduces financing uncertainty, so we can better focus on achieving our business objectives
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