Halitron, Inc. (OTC
Pink: HAON) Closes on Non-Toxic Financing Required to Boost
Revenue to $3 - 5 Million
Miami, FL- (InvestorsHub NewsWire
March 6, 2017) EmergingGrowth.com, a leading independent small cap
media portal with an extensive history of providing unparalleled
content for the Emerging Growth markets and companies, reports on
Halitron, Inc. (OTC
Pink: HAON).
HAON may not be at these levels much
longer.
See the Press Release and more on
Halitron, Inc. (OTC Pink: HAON) at EmergingGrowth.com
http://emerginggrowth.com/?s=haon
Halitron, Inc. (OTC
Pink: HAON) just announced that that they closed on the
$300,000.00 in financing (announced in their press release of
February 27, 2017), necessary to boost revenue of its four existing
legacy brands to between $3 - $5 million annually.
Fortunately for HAON shareholders, unlike many early stage
companies, the $300,000 financing is in the form of a non-toxic
(i.e., the debt thereunder is not convertible into equity at a
discount to prevailing market prices), one year credit facility
whereby the Company may draw down minimum increments of $5,000, up
to a total of $300,000, which carries an annual interest rate of
8%.
Bernard Findley, Halitrons (OTC
Pink: HAON) CEO stated, Today we are drawing down our first
tranche of capital and are excited to implement our strategic
plan,
Halitron also recently engaged Freidman LLP to perform an audit
of Halitron in preparation for listing on the OTCQB market. The
audit is expected to be completed by the end of March 2017 followed
by the filing of an annual report (Form 10-K) with the SEC and an
application to be listed on the OTCQB as a fully reporting company
by mid-year 2017.
Halitron, Inc. (OTC
Pink: HAON) also recently announced that it is in the final
stages of a spin out and merger transaction that has been in the
works for the past three months.
Two of Halitron, Inc.s wholly-owned brands are in the process of
being spun out into an online social marketing / digital storage
company which is currently a public company.
Shareholders of Halitron, Inc., (OTC
Pink: HAON) are currently expected to receive a stock dividend
of 40 shares of the new Companys common stock for every 1,000
shares of Halitron, Inc.s common stock owned, subject to review and
approval by FINRA.
Halitron, Inc. is expecting to announce an update on the spin
out, merger, and dividend details of the two major projects which
were also included in the press release of February 27, 2017.
HAON may not be at these levels much
longer.
See the Press Release and more on
Halitron, Inc. (OTC
Pink: HAON) at EmergingGrowth.com
http://emerginggrowth.com/?s=haon
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