SOURCE: Freedom Energy Holdings, Inc.

Freedom Energy Holdings, Inc.

August 21, 2014 11:41 ET

Freedom Energy Holdings Announces a $25 Million Commitment and the Appointment of PCAOB Audit Firm

FORT WAYNE, IN--(Marketwired - Aug 21, 2014) -  Freedom Energy Holdings, Inc. (OTC: FDMF) is pleased to announce that the Company has signed an investment term sheet with Dutchess Capital for the purchase of up to US$25,000,000 of common stock. The financing, which will be available to Freedom upon the effectiveness of a S1 registration statement, we expect to close the Dutchess Financing within two weeks.

"We are also extremely pleased and excited to announce the appointment of Malone Bailey LLP as the independent auditing firm to aid us in our transition to a higher exchange. Finding a qualified independent auditor is key to this success.

Ms. Diswai-Moremi, Chairman stated, It is a great honor to announce that our long term strategic partner Dutchess Capital has agreed to become our financial backbone as we seek to take our company to higher heights, their commitment to invest $25, million is a sign of confidence that they have in the leadership of the company. It is also a great highlight to have MaloneBailey as our independent auditor as we prepare for the Up listing of our business to a higher exchange. It is going to be a great and exciting journey. 

ABOUT DUTCHESS CAPITAL

Dutchess Capital was founded in 2000. Since then, Dutchess has been a market leader and innovator in providing ELFs and other unique financing structures for publicly-traded companies. Dutchess has transacted over $2 billion in ELF commitments globally. Dutchess has over 10 years of experience assisting companies throughout the process, as well as the financial wherewithal to fund the company throughout the entire commitment. Dutchess sources worldwide investment opportunities, with offices in Boston, New York, London, Seoul and Beijing.

ABOUT SIGUR PALACE INC.
Sigur Palace is a residential and commercial Real Estate development and investment holding company focusing on providing Africans with good quality and yet affordable housing, we are also active in the development of the low cost housing under the African National Congress (ANC) led South African Government's Reconstruction and Development Programme (RDP) with special focuses on quantity and productivity, not just to impress our client (the government) but also to ensure safe and comfortable living for the underprivileged new home owners that are given mercy by the South African government to own houses and have a title deed on their name . We pride ourselves as not being a typical development company -- we strive to provide a product and service of the highest quality and standard. At the same time, we provide our portfolio companies assistance in the areas of strategy, executive team recruiting, operational execution and raising capital. We take a hands-on approach from the very beginning, partnering with talented management to transform their vision into reality.

FORWARD LOOKING STATEMENT-This press release contains certain "forward‐looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward‐looking statements. The Company, through its management, makes forward‐looking public statements concerning it expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.

Contact Information

  • Contact Information:
    Brian Kistler
    CEO
    260-490-9990