Baron Energy, Inc. announced that it has received $2.85 million in funding
On August 8, 2014, the company announced that it has received $250,000 in funding from Petro Capital Energy Credit, Llc. The company issued 250,000 series A convertible preferred stock at $1 per share.
On September 18, 2014, Baron Energy, Inc. (OTCPK:BROE) closed the transaction. The company announced that it has received its second tranche. The company has received a total of $2,852,354 in funding from seven investors.