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Back to Home » June 2017 News » An Initial US$2,600,000 Of Funding Already Sourced and Terms Agreed To Acquire Two Advisory Firms with Circa US$90,000,000 of Funds under Management |
An Initial US$2,600,000 Of Funding Already Sourced and Terms Agreed To Acquire Two Advisory Firms with Circa US$90,000,000 of Funds under Management |
June 06, 2017
DUBAI, UNITED ARAB EMIRATES--(Marketwired - Jun 5, 2017) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned foreign subsidiaries, a specialist consultancy firm with offices located in Dubai and London, announced on May 9, 2017 that the Company had been approved as a permissible investment by a UK based Institution and as a result, would be allocated a minimum of Two Million Great Britain Pounds (approximately US$2.6 Million) of financing to acquire various financial advisory firms with funds under management in the United Kingdom and Asia. The Company also announced that the funding sourced would be allocated to Global Equity International Inc. in two tranches of approximately US$1.3 Million each and such funding would enable the Company to commence acquiring the targeted advisory firms, over the summer months. Finally, the Company announced that additional capital was being secured to invest on a "deal by deal" basis thereafter. (For more information, please see http://www.marketwired.com/press-release/global-equity-international-inc-announces-us26-million-financing-agreement-to-enable-otcqb-gequ-2215068.htm).
Source URL: http://www.marketwired.com/mw/release.do?id=2220176&sourceType=3
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