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Auctus Behind $10M Equity Funding Agreement

Sep 9, 2009 | Reprints | Unlock Link | Print

Capital Reserve Canada has executed a definitive agreement for equity financing of up to $10 million from Boston-based Auctus Private Equity Fund, the company announced in a statement.

The company will draw on the funding as required to fulfill the financial requirements for its Two Hills Environmental project in Alberta, Canada, according to a statement.

CRC is required to file an effective S-1 Registration Statement for the securities, and will file with the Securities and Exchange Commission in the coming weeks.

"With this commitment we have addressed the funding needs of the project to ensure the future growth the company," said Steve Claussen, CRC’s CEO and president.

Auctus Private Equity Fund is a private equity firm which provides funding to small, medium and large publicly traded companies in all industries.

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