SNM Global is off the charts today as they announced their latest news of continuing to move towards the OTCBB by securing a $10,000,000 equity credit line with Tangiers Investors LP. A binding Term sheet has been signed by SNM and will move forward with the completion of the signing of the final documents as they get closer towards filing for the OTCBB.
The company stated, "The term of the credit line is over a two year period for up to a $10,000,000 credit line and will be effective with the approval of an S-1 registration statement. The company is excited about the opportunity and the funding will assist with the execution of the company's business model."
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About SNM Global
SNM Global Holdings is a business development company that specializes in the investment in the Social Media / Content Development, Alternative Energy and Web/IT Technology industries through their subsidiaries and investments that will include strong support and promotional strategies.
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