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Article: Cyco.net Inc. Signs $20 Million Equity Line of Credit with Cornell Capital Partners.
- Article from:
- Business Wire
- Article date:
- April 7, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--April 7, 2004
Cyco.net Inc. (OTC BB: CYKE) announced today it has signed a financing commitment with Cornell Capital Partner LP, a New Jersey-based investment firm, that will provide up to $20 million in financing.
Pursuant to the terms of the funding agreement and upon an effective registration statement, Cyco.net has secured a firm commitment for up to $20,000,000 from Cornell to purchase shares of the company's common stock. This commitment is not contingent upon a price times volume matrix and there are no mandatory draw downs or nonwithdrawal fees. Cyco.net has the right but not the ...
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