Finance & Investing | Capital Markets | Private Equity Activity
MissLime-Focused Kabe Secures Bridge Loan
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Kabe Exploration Inc. has secured a bridge loan with Phoenix Group Capital Markets, a UK holding company, through its wholly owned micro-cap investment fund.
The bridge loan was secured with restricted stock for operating capital purposes.
The company had previously entered into a $5,000,000 Reserve Equity Financing Agreement with Phoenix Group in a term sheet announced in May.
"This bridge loan affirms the level of investment confidence we are seeing from the professional investment community," said Erik Ulsteen, the company’s CEO.