Fundraise Sep 2013 Verified
Trailblazer Provides Bridge Financing to Solus
Trailblazer Resources agreed to provide $190,000 in preliminary bridge capital to Solus Industries by September 19, 2013, secured by Solus's intellectual property. A second tranche of $250,000 is to be provided within ten days following the closing of the acquisition.
“Trailblazer has agreed to provide, by September 19, 2013, $190,000 of preliminary bridge capital to Solus and advance the funding necessary to start the development of the next generation of the Solus Intel platform. The $190,000 bridge loan will be secured by the intellectual property of Solus. A second tranche of $250,000 funding is to be provided within ten days following the closing of the acquisition.”
Entities
Solus Industries, LLC · Target Trailblazer Resources, Inc. · Lender
HVACRefrigeration Sentiment: Neutral
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