Alliance BioEnergy pays off short-term debt to avoid selling stock

January 17, 2018 |

In Florida, Alliance BioEnergy Plus, Inc. announced it has completed the payoff of the final two short term notes, held by Power Up Lending Group, Ltd. in full, in the amount of $206,267.47 and Crown Bridge Partners, LLC, in the full amount of $80,890.16, that were due in January 2018, ahead of both notes’ maturity and conversion. By successfully paying off these loans before their conversion dates, within the first 180 days of issuance, the Company avoids the issuance and subsequent market sale of more than 14,000,000 shares of its common stock.

Category: Fuels

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