Petrone Worldwide, Inc. Receives $5 Million Equity Line Funding Commitment
Petrone Worldwide, Inc. (OTCPINK:PFWI) (the "Company") is pleased to announce that it has entered into definitive agreements to obtain up to $5 million dollars in financing in the form of an equity line. In addition, the Company signed a securities purchase agreement providing for the issuance of up to $385,000 in convertible debentures (the "SPA") to the investor, Peak One Opportunity Fund, L.P. (Peak One).
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