Cirque Energy, Inc. (OTCPK:EWRL) announced that it has entered into an equity purchase agreement for a private placement of common shares from time to time for gross proceeds of $5,000,000 on October 20, 2014. The transaction includes participation from new investor Kodiak Capital Group, LLC. The company will issue common shares at a price of 75% of the lowest closing bid price of the company's common shares for any of the 5 trading days immediately following the company's issuance of common shares to the investor pursuant to the company's corresponding put notice to the investor.

The company will issue securities pursuant to exemption provided under Regulation D. This agreement shall terminate on the earlier of December 31, 2015; or the date on which the investor shall have purchased an aggregate of $5,000,000 of the company's common stock pursuant to the agreement. The company agrees to pay its own expenses in connection with the transaction.