MIDLAND PARK, N.J., Oct. 27 /PRNewswire/ -- Global Agri-Med Technologies, Inc. (Pink Sheets: GAGO) through its wholly owned subsidiary, Quad Energy Corp., has secured its first $500,000 of its previously announced non-brokered private placement. The proceeds of this flow through offering will be allocated to the ongoing operations of Quad Energy in its efforts to generate revenue from its existing properties. The flow through offering has been secured through B.I.G Investments and is subject to their due diligence for completion.
The Company is continuing its efforts to fulfill the entire One Million dollar private placement and is currently in discussions with two interested parties. The Company remains very confident that it will close on the balance of the previously announced One million dollar flow through financing.
Mr. Fred DaSilva, the company's CEO added, "We are very excited to be able to take the first steps toward realizing production and revenue from our properties."
For more information on Quad Energy, please see the company's web site www.quadenergy.ca or call Fred DaSilva at 1-800-817-4140.
About Quad Energy
Quad Energy is a junior oil and gas company operating out of Calgary, Canada with a portfolio of oil and gas assets that include interests in Alberta and Saskatchewan. Quad seeks to acquire and improve properties that can be brought on stream to produce meaningful cash flow and then trade or sell these assets to middle tier oil and gas concerns in Canada or North America. Quad feels this strategy offers investor's good upside potential with less of the risks associated with the traditional wild cating strategy employed by many of the junior oil and gas players.
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Global Agri-Med Technologies, Inc. cautions that statements made in this press release relating to the change of control and new business direction constitute forward-looking statements and makes no guarantee of future performance. Actual results or developments may differ materially from projections. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
SOURCE Global Agri-Med Technologies, Inc.