California Grapes International, Inc. Executes Preliminary Reserve Equity Financing Agreement with AGS Capital Group

California Grapes International, Inc. (OTCPINK: CAGR), a leading provider of full service export, marketing, promotions, distribution and sales for the CA Wine Industry internationally, announces today that it has entered the final stages of securing a long term funding solution by way of Reserve Equity Financing “REF”.

“CGI” is expected to finalize negotiations and secure a funding term sheet over the next several days. As the specific details will be released upon execution of the investor’s term sheet, “CGI” has been initially accepted and approved for a Reserve Equity Financing, “REF”, solution from AGS Capital Group, LLC. The dynamic benefits of the “REF” allow “CGI” to manage the process of raising capital through the sale of common shares under a preset purchase arrangement that allows for the company to limit and manage potential shareholder dilution and maximize investment proceeds.

The execution of this agreement between “CGI” and the AGS Capital Group, LLC will represent a financial partnership based on the mutually desired success of “CGI” for the long term. By the nature of the “REF” providing a foundation of a funding commitment, “CGI” will have the ability to provide for a security instrument when approaching and engaging larger investors and institutions with the next phase of our funding efforts. The “REF” is a dynamic financing solution that provides direct investment capital of “up to” a specified funding commitment amount without compromising the company integrity and providing a competitive edge in this critical growth period.

“As we continue to progress in the development and deployment of CGI Retail locations internationally, the foundation of a strong financial partner will be essential. The AGS Capital Group, LLC will allow for a strong financial foundation to build on while providing a very flexible solution through the 'REF'. As CGI will be in control as to when and how to exercise this financing, our ability to manage the long-term company and shareholder value will increase both our exposure and the interest levels of the private and institutional investors of the future.”

– Jeffrey Crittenden – CEO “CGI”

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.

California Grapes (CE) (USOTC:CAGR)
Historical Stock Chart
From Jun 2024 to Jul 2024