Multicorp International, Inc. (OTCPK:MCIC) announced a private placement of 100,000,000 common shares at $0.5 per share for gross proceeds of $50,000,000 on March 6, 2013. The company will issue shares in an equity line funding to a new investor, Future Energy LLC, over a period of 12 months. The first tranche will take place for $10,000,000, within 30 days from the date of announcement, second tranche for $15,000,000 will take place within 90 days from the announcement, and the last tranche for $25,000,000 will take place within 12 months from the announcement.
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- Multicorp International, Inc. announced that it expects to receive $50 million in funding from Future Energy LLC.