Converde Energy USA, Inc. (OTC: XFUL) announced today that on June 6, 2017, it entered into a Securities Purchase Agreement with GPL Ventures LLC in which GPL may purchase common stock equal to a value of up to Three Million Dollars ($3,000,000) when XFUL has qualified the necessary number of shares under Regulation A through an offering statement (Form 1-A). XFUL intends on filing the offering statement within the next thirty days.
"We are very excited to have this investment agreement in place as a primary funding vehicle for the company," said Brad Domitrovitsch, Chairman & CEO of XFUL. "The relationship with GPL will be key for us and our investors as we execute on the business plan to expand both organically and through acquisitions. Initial capital from GPL will be used for the growth of our energy business lines."
Additionally, on June 6, 2017, the Company issued to Minivest (http://www.minivest.com ) a Convertible Promissory Note (the "Note") in the principal amount of $100,000 to retain Minivest as its business advisor and gain access to an online marketing platform. Minivest shall give XFUL the ability to build a webpage within its website for the purpose of advertising itself. The Note accrues interest at the rate of eight percent (8%) per annum and is due in full on or before May 23, 2018.
"Minivest is proud to work with Converde Energy on its Regulation A Offering. Our team has the utmost confidence in XFUL, and we will continue to back their new and exciting direction into the energy sector while supporting their promising initiatives and vision for the future," Minivest management commented.
About Converde Energy USA, Inc. (XFUL)
XFUL and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
Hydration Corporation of PA, LLC ("HCPA") is engaged in the businesses of water exploration, water augmentation, and the treatment of impacted waters. Notably, its intellectual property delivers one of the highest energy yields from a broad range of water-bearing assets, with one of the lowest capital expenditures of any other known water processes. American Energy Solutions, LLC provides treatment technologies that contribute to HCPA's business model of low-cost treatment and distribution. As a provider of design, this subsidiary is capable of repeatable and synergistic services across the value chain. Gilbert Oil & Gas Company is leveraging broad industry valuation experience to source drilling, operating, and partnership opportunities in the upstream oil and gas space. It is positioned to become a strong customer of XFUL's other subsidiaries while providing them with the foundation to attract other customers and enter new markets.
For additional information, visit: http://americanenergy-inc.com
