ParaFin Signs $2 Million Funding Agreement for Working Capital

Date : 09/23/2011 @ 3:32PM
Source : Marketwired
Stock : Parafin Corp. (PN) (PFNO)
Quote : 0.000001  0.0 (0.00%) @ 8:04AM
Parafin Corp. (PN) share price Chart

ParaFin Signs $2 Million Funding Agreement for Working Capital

Parafin Corp. (PN) (USOTC:PFNO)
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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 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.

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Contact: ParaFin Corporation 5190 Neil Road, Suite 430 Reno, Nevada USA 89502 e-Mail: Web: (213) 985-3136

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