Las Vegas Railway Express, Inc. / GVC Capital Completes $2,215,000 Note Conversion
March 03 2014 - 7:01PM
Marketwired
Las Vegas Railway Express, Inc. / GVC Capital Completes $2,215,000
Note Conversion
LAS VEGAS, NV--(Marketwired - Mar 3, 2014) - Las Vegas Railway
Express, Inc. ("X" Train) (OTCQB: XTRN)
X Train announced that the Company has completed the conversion
into common stock of an aggregate of $2,215,000 of convertible
notes plus accrued interest of $161,104 to accredited investors. In
addition, the Company offered a warrant conversion feature for the
conversion of the notes. The Company improves its balance sheet by
$2,376,104 in paid in capital with this transaction.
"We are pleased with the interest on the part of investors to
convert their notes into equity in the Company," stated Michael
Barron, CEO of the Company. "We think this demonstrates investor
confidence in our company," he remarked. GVC Capital LLC was the
Placement Agent for the Convertible Note offering.
About Las Vegas
Railway Express, Inc.
Our company, Las Vegas Railway Express, Inc., dba The X Train,
was founded on the vision of establishing a new and innovative
passenger train service between Las Vegas and the Los Angeles
metropolitan area using existing railroad tracks and specialized
rail cars that have been refurbished to resemble a casino style
motif. These specialty cars would be attached to an existing
regularly scheduled passenger train running between a metropolitan
area and a casino resort destination. We offer a Club X Train
option to travelers much like the Pullman Car Company did for
passenger rail travel in the 1880's. That concept of offering a
Club X Train service option has an application to passenger rail
routes across the country.
For more information, please visit the Company website at
http://www.vegasxtrain.com .
About GVC Capital
LLC (GVC)
GVC is an innovative investment banking firm headquartered in
the Denver suburb of Greenwood Village, Colorado. GVC focuses
primarily on providing comprehensive investment banking services to
underexposed and undervalued microcap companies.
GVC is committed to a simple operating philosophy: provide
exceptional emerging companies with the financial and professional
resources necessary to achieve long-term goals, fulfill outstanding
potential, and maximize shareholder value.
Statements in this press release other than statements of
historical fact, including statements regarding the company's
plans, beliefs, and estimates as to projected market size are
"forward-looking statements." Such statements are subject to
certain risks and uncertainties, including factors listed from time
to time in the company's SEC filings, and actual results could
differ materially from expected results. These forward-looking
statements represent the company's judgment as of the date of this
release. The company disclaims, however, any intent of obligation
to update these forward-looking statements.
The securities described above were sold by the Company in
private placements and were not registered under the Securities Act
of 1933, as amended (the "Securities Act"). The securities were
sold in reliance upon exemptions from the registration requirements
of the Securities Act pursuant to Regulation D promulgated under
the Securities Act. Therefore, the securities may not be offered or
sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act
of 1933 and any applicable state securities laws. This press
release does not constitute an offer to sell any securities or a
solicitation of an offer to purchase any securities.
Contact: Success City Online Ms. Maria Bailey
Maria@successcityonline.com (702)
271-0591
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