ParaFin Signs $2 Million Funding Agreement for Working Capital
September 23 2011 - 3:32PM
Marketwired
ParaFin Corporation (PINKSHEETS: PFNO):
ParaFin has signed a Reg. "S" 144 restricted share financing at
a price of US$0.001 per share that will raise US$2 million for the
Company. The issue is priced at a premium of approximately 300%
above the current market offering price of the shares of
US$0.0003.
ParaFin Corporation is now increasing its efforts to reach an
agreement with ING Bank N.V. and has instructed its lawyer in
Germany to continue to negotiate with lawyers for ING Bank N.V. in
Amsterdam to finalize a settlement of the financial issues between
them.
Disclaimer Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications that may arise could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The company cautions that these forward
looking statements are further qualified by other factors
including, but not limited to those, set forth in the companys Form
10-KSB iling and other filings with the United States Securities
and Exchange Commission (available at http://www.sec.gov/). The
company undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events or otherwise.
To be included in our company mail list for real-time news and
updates, please e-Mail: ceo@parafincorp.com
Contact: ParaFin Corporation 5190 Neil Road, Suite 430 Reno,
Nevada USA 89502 e-Mail: ceo@parafincorp.com Web:
www.parafincorp.com (213) 985-3136
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