• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Finance » Two Rivers Secures Three-Year, $5 Million Equity Financing Line

Two Rivers Secures Three-Year, $5 Million Equity Financing Line

Anthony Ramsumiran by Anthony Ramsumiran
April 26, 2019
in Finance, General
2 min read
30
0
Two Rivers Secures Three-Year, $5 Million Equity Financing Line

DENVER, CO– TURV, (Marketwired – Sep 27, 2017) – Two Rivers Water & Farming Company (“Two Rivers”) (OTCQB: TURV) announced today it has entered into an equity purchase agreement under which Two Rivers can obtain investments totaling up to $5 million over the next three years from a fund managed by Spotfin Funding LLC (“Spotfin”) of San Diego, California and Denver, Colorado.

The financing can be delivered in installments of up to $250,000 in return for shares of Two Rivers common stock at a 15% discount from market prices at the time. The number and timing of the installments are at the option of Two Rivers.

The proceeds are expected to be used for general working capital and for infrastructure investments in Two Rivers water assets that have a book value in excess of $26 million.

Bill Gregorak, Two Rivers’ CFO, stated, “This equity purchase agreement provides us with financial flexibility as we seek to monetize our under-utilized water assets, while the agreement’s pricing will limit the dilution for our current shareholders. Our strategic plan calls for investing in water assets that have been idle for several years, and we can continue executing on our strategy by investing this capital in projects such as the Cucharas Dam and the water supply agreement for Crown Valley.”

About Two Rivers

Two Rivers focuses on development and redevelopment of infrastructure for water management and delivery. Water is one of the most basic, core assets. Two Rivers’ first area of focus is in the Huerfano-Cucharas river basin in southeastern Colorado. Two Rivers’ long-term strategy focuses on the value of our water assets and how to monetize water for the benefit of its stakeholders, including communities near where its water assets are located.

About Spotfin

Spotfin is an investment firm that provides growth capital to microcap companies. Spotfin focuses on equity related transactions including equity lines, convertible notes, and section 3(a)(10) liability for equity exchanges. The principals of Spotfin are industry veterans with collectively over 80 years of investment experience.

Forward-Looking Statements

The fourth paragraph of this news release contains “forward-looking statements,” as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with developing and acquiring land and water resources. There can be no assurance Two Rivers will be able to initiate and operate in accordance with its business plans. These forward-looking statements are made as of the date of this news release, and Two Rivers assumes any obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

Contact:

Bill Gregorak
CFO
Two Rivers Water & Farming Company
(303) 222-1000
mail to: info@2riverswater.com

Tags: equity financingTURVTwo Riverswater management
Anthony Ramsumiran

Anthony Ramsumiran

Anthony has a very strong background in Economics. He was born and raised in London and is now based in Orlando, Florida. With over 17 years of experience in automotive and technology.

Related Posts

Federal Reserve to Offer Loans to ‘Eligible’ Nonprofit Organization
Finance

Federal Reserve to Offer Loans to ‘Eligible’ Nonprofit Organization

June 16, 2020
199
Vroom Stocks Off to a Very Good Start in its First Day of Trading
Finance

Vroom Stocks Off to a Very Good Start in its First Day of Trading

June 9, 2020
126
Hertz Stocks Improve After Travel Shows Signs of Revival
Finance

Hertz Stocks Improve After Travel Shows Signs of Revival

June 9, 2020
145
Vroom Increased Price Listing Ahead IPO
Finance

Vroom Increased Price Listing Ahead IPO

June 9, 2020
162
Polls predicted Brazil’s GDP ‘most likely’ to hit an all-time low
Finance

Polls predicted Brazil’s GDP ‘most likely’ to hit an all-time low

May 26, 2020
128
China Opposed U.S. Audit Plans
General

China Opposed U.S. Audit Plans

May 24, 2020
135
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.