TUSCON, Ariz., Dec. 9, 2015 /PRNewswire/ -- Tautachrome, Inc. (OTC-PINK: TTCM) today announced that on December 1, 2015, Tautachrome executed a term sheet with Blackbridge Capital, LLC, reflecting the intentions of the parties as to the principal terms of a commitment by Blackbridge to purchase up to $50,000,000 of the Registrant's common stock during a period of 36 months from the date upon which definitive documentation establishing the Facility is executed.
The Facility will be subject to Tautachrome registering the issuance of the Shares under the Securities Act of 1933, as amended, through an effective registration statement on Form S-1 or on such other form as may be available to Tautachrome. The Facility has no commitment fee and is also subject to the execution of definitive documentation establishing the Facility and its review by legal counsel to the parties.
About Tautachrome, Inc.
Tautachrome, Inc. (OTC-PINK: TTCM) is an emerging growth company in the rapidly evolving digital imagery technology sector. Tautachrome is an Internet technology development company with operations in America and Australia. Tautachrome has a number of revolutionary patents pending, including Talk-to-the-Picture social networking and trustable imagery-based interaction.
Safe Harbor Statement Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.
SOURCE Tautachrome, Inc.