Frozen Food Gift Group, Inc. announced that it has received $0.37 million in funding from Tangiers Capital, LLC and LG Capital Funding, LLC.
May 08, 2014 at 12:00 am EDT
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Frozen Food Gift Group, Inc. (OTCPK:FROZ) announced a private placement of a convertible promissory note with a returning investor Tangiers Investment Group LLC for gross proceeds of $250,000 on May 6, 2014. The note will mature on May 6, 2015 and will carry an interest rate of 8% per annum. The interest on the note will be payable on maturity. The note will be convertible into the common shares of the company.
On the same date, the company announced that it has received $250,000 in the first tranche.
On May 8, 2014, Frozen Food Gift Group, Inc. closed the transaction. The company issued an additional convertible promissory note to a new investor LG Capital Funding, LLC for gross proceeds of $115,500 in the second tranche. The note issued in this tranche was issued at the same terms as the note issued in the first tranche. The note issued in the second tranche will mature on May 8, 2015. The company has received total proceeds of $365,500 in the transaction.
APT Motovox Group, Inc. operates through its subsidiary, APT Group, Inc., a propulsion technology company that manufactures and distributes transportation, utility and recreational powersport products. APT Group, Inc. offers Motovox, a range of motorsports products. Its products include mini bikes, which include MBX10, MBX11, MBX12 and MBX20; electric bikes, which include MBxXSe; pit/dirt bikes, which include MVX70, MVX110 and MVX250; Go-Karts, which include MGK11, MGK12 and MGK30; scooters, which include MVS10, and generators, which include MGR10. It also offers a range of parts, including MBX10 Mini Bike Parts, MVS10 Stand Up Scooter Parts, MBX11 Mini Bike Parts, MBxXSe Electric Mini Bike Parts, MGK11/12 Parts, MVX70 Pit Bike Parts and Factory Refurbished.
APT MOTOVOX GROUP, INC. 
