Strategic Global Investments, Inc. announced that it expects to receive $5 million in funding.
July 29, 2013 at 12:00 am EDT
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Strategic Global Investments, Inc. (OTCPK:STBV) announced a private placement of 50,000,000,000 common shares at $0.01 per share for gross proceeds of $5,000,000 on July 29, 2013. The company will also issue warrants to acquire an additional 99 shares for one share purchased. The transaction is expected to close in March 15, 2014. Expense will be of $15,000 in relation to the transaction.
On August 23, 2013, the company sold 2,500,000 shares to Redwood Management LLC at price of $0.01 per share for cash proceeds of $25,000.
On November 5, 2013, the company announced that transaction is expected to close in November 2014.
On November 27, 2013, the company amended the terms of the transaction. It will issue 300,000,000 units at $0.01 per unit for gross proceeds of $3,000,000. Each unit consists of 100 shares of common stock.
On December 9, 2013, the company announced that transaction is expected to close in December 2014.
On January 31, 2014, the company sold 750,000,000 shares to Continental Equities LLC for gross proceeds of $ $75,000.
On February 4, 2014, the company sold 150,000,000 shares to DGI LLC for gross proceeds of $ $15,000.
On February 5, 2014, the company sold 125,000,000 shares to INET Capital for gross proceeds of $ $12,500 and 125,000,000 shares to Liquid Management for gross proceeds of $12,500.
Strategic Global Investments, Inc. is a development-stage company. The Company is engaged in building up to 19 small villas in Punta Perfecto Beach, Mexico, and selling timeshare units in these villas. The Company focuses to purchase additional land in the Punta Perfecta Beach or East Cape area of Mexico on which it intends to build additional small villas and sell them as timeshare units. The Company focuses on marketing its timeshare units to people vacationing in the Punta Perfecta Beach or East Cape area of Mexico and to people living in the west coast area of the United States and Canada. The Company owns resort property in Los Cabos, Baja. The Company's Punta Perfecta is a 10 acre development of approximately 35 fractional ownership homes on the East Cape of Los Cabos. The Company, through its subsidiary, Punta Perfecta S.A. de C.V., is engaged in real estate development.