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Confederate Motors Inc enters into Subscription Agreement with Optimum Solution Pte. Ltd-Form 8-K


Monday, 6 Jan 2014 01:32pm EST 

Confederate Motors Inc:Says on Dec. 24, 2013, the company entered into a Subscription Agreement for the sale of 6,234,412 shares of Common Stock (the Shares) with Optimum Solution Pte. Ltd., a non-U.S. entity.Says the purchase price per Share is $0.1604 for gross proceeds to the company of $1,000,000.Says on Dec. 26, 2013, the Company received $20,000 from the Investor pursuant to the Agreement.Says the company is to receive $480,000 within 15 banking days of the execution of the Agreement.Says the company will receive the remaining $500,000 upon a date mutually agreed upon by the Company and the Investor. 

Company Quote

0.65
0.02 +3.17%
9 Jul 2014