Bogue International, Inc. (PINKSHEETS: BGUE) (FWB: IIH) is pleased to announce that it has recently secured an institutional funding commitment with Advanced Asset Management AG, whereby an institutional client will provide up to $1,000,000 in equity capital.
This equity financing will initially be structured as a convertible note until all the funds have been drawn down. The funds will be used for working capital and for an upcoming drilling program on their wholly owned Monclova Coal Project near Monclova, Mexico.
As a condition of this recent arrangement, Bogue has made available one seat on its Board of Directors, to be filled at AAM's discretion.
Commenting on the commitment, Phillip Ciz, Director of Bogue International, Inc., said, "AAM understands the issues involved with publicly traded companies and can assist us in maintaining a level of integrity that is essential for our continued growth."
Advanced Asset Management AG of Dusseldorf, Germany is a fundamentally oriented, highly specialized investment firm focusing on special situations and value growth oriented, small cap public companies. AAM is focused on working closely with companies to enhance shareholder value through flexible investment and funding structures and consulting services.
Bogue International, Inc. is an international resource company focused on acquiring and developing high-quality, low-risk resource projects. Through its wholly owned subsidiary, JAB Mexico, Inc., Bogue owns 100% of the Monclova Coal Concessions near Monclova, Mexico.
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including, but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices, as well as other factors discussed in the company's various filings with the Securities and Exchange Commission.
Bogue International, Inc.