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BRIEF-Enerjex Resources Says Alpha Capital Anstalt Signed Binding Commitment Letter With Co
November 27, 2017 / 10:43 PM / 18 days ago

BRIEF-Enerjex Resources Says Alpha Capital Anstalt Signed Binding Commitment Letter With Co

Nov 27 (Reuters) - Enerjex Resources Inc:

* ENERJEX RESOURCES-ON NOV 21, ALPHA CAPITAL ANSTALT SIGNED BINDING COMMITMENT LETTER WITH CO RELATED TO DEAL WITH AG EAGLE AERIAL SYSTEMS - SEC FILING

* ENERJEX RESOURCES-ALPHA CAPITAL ANSTALT SIGNED LETTER TO PROVIDE PRIOR A MINIMUM OF $4 MILLION IN EQUITY CAPITAL AT PRE-MONEY VALUATION OF $16 MILLION-$25 MILLION​

* ENERJEX RESOURCES - ‍ALPHA AGREED TO CONVERT ALL NOTES THEY HOLD FROM CO INTO EQUITY AT CLOSING OF MERGER​

* ENERJEX RESOURCES - ‍FOR THEIR FUNDING COMMITMENT, ALPHA WILL RECEIVE 2.5% OF CO‘S COMMON STOCK ON A FULLY DILUTED BASIS PAYABLE AT CLOSING OF MERGER​

* ENERJEX RESOURCES INC - ‍ALPHA'S OBLIGATIONS TO FUND PRIVATE PLACEMENT SHALL TERMINATE ON EARLIER TO OCCUR OF DEAL, & MARCH 31, 2018​ Source text for Eikon: (bit.ly/2Bi7LZi) Further company coverage:

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