Capital Resource Alliance Announces Agreement to Obtain $500,000 in Financing
August 14 2009 - 4:00PM
PR Newswire (US)
CALGARY, Alberta, Aug. 14 /PRNewswire-FirstCall/ -- Mr. Ray Gordon,
President and Chief Executive Officer of Capital Resource Alliance
Inc. (OTC Bulletin Board: CRRA) announced today that an agreement
has been established in principle with a private group of investors
for a Five Hundred Thousand Dollar ($500,000) private placement of
the corporation's common stock. The agreement, which is being
formalized, calls for five monthly tranches of $100,000 to be used
to expand marketing efforts with interested government and private
concerns in several third-world countries. Terms of the placement
are: $100,000 of restricted Common stock to be subscribed for on
the last Monday of each month commencing Monday, August 31, 2009.
The price will be determined by the average trading price of the
previous ten trading days. The private investors will receive a
twenty percent discount from the average price and the shares
subscribed for will bear restrictive legends as prescribed by SEC
Regulations. The agreement will have an effective date of August
31, 2009. In reference to the private placement, Mr. Gordon stated,
"We are excited about the agreement to obtain financing which
management views as a positive testament towards the lucrative
potential that we expect to generate from this leading-edge, "green
friendly" construction material. This milestone is designed to keep
the Company progressing in a fast-paced direction, while
simultaneously adding to our ability to generate increased exposure
of our unique, one-of-a-kind building material." "Real-life results
of this revolutionary building material have, as expected,
generated outstanding interest from both the public and private
sector on an international level," Mr. Gordon continued. "To our
knowledge, no other construction material has the strength to
withstand mother nature's destructive powers - such as earthquakes
that hit 6.9 on the Richter scale and hurricanes that hit 200
miles-per-hour - while at the same time offer the same benefits of
being lightweight; bullet proof; non-combustible and fire
resistant." "The cash injection could greatly assist in achieving
the short-term and long-term objectives the Company has outlined
which are aimed at generating revenue streams from multiple
segments within the construction industry. There is a tremendously
wide-range of applications which includes everything from bathtubs
to buildings. Hence, we intend to capitalize on as many of these
segments as possible since we believe the demand for this new
material could be quite strong upon achieving a higher degree of
market awareness," said Mr. Gordon. About Capital Resource Alliance
Inc. Capital Resource Alliance Inc. manufactures and markets the
"WonderWall" which is a revolutionary building system that involves
on-site creation of long lasting, low cost housing, schools,
commercial buildings and storage facilities. This new "building
block" is designed to be the structural centerpiece for many
buildings that use cement as the foundation of their construction.
The unique construction material has proven to be earthquake
resistant, bullet proof, hurricane resistant, lightweight and easy
to ship & produce, non-combustible and fire resistant. The
world is producing Portland Cement faster than it can be produced
and is considered to be a dwindling non-renewable resource.
However, the WonderWall construction material is considered to be
"exceptionally green" because the process to develop the product
does not deplete forest reserves. This news release contains
forward looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the failure to
meet schedule or performance requirements of the Company's
contracts, the Company's liquidity position, the Company's ability
to obtain new contracts, the emergence of competitors with greater
financial resources, and the impact of competitive pricing. In the
light of these uncertainties the forward-looking events referred to
in this release might not occur. DATASOURCE: Capital Resource
Alliance Inc. CONTACT: Lance Larsen of Capital Resource Alliance
Inc., +1-403-461-7283
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