Early last week Helix Wind, Corp was pleased to announce the receipt of the second tranche, totaling $185,000, in bridge financing from St. George Investments, LLC. Before this announcement, which was made on the 12th of February, on February 8, 2010, Helix Wind, Corp. secured a bridge loan from St. George Investments LLC amounting to a total of $585,000 in funding.
Ian Gardner, Helix Wind’s CEO, said, “We are pleased to have completed receipt of all funding envisioned in the bridge financing transaction with St. George. With the bridge financing completed, we can focus on securing long-term capital necessary for Helix to pursue the numerous growth opportunities the company has identified.”
“While the Company needed to take action to reduce expenses, we’re hopeful that such reductions are temporary until we are able to raise the capital necessary to sustain our operations long term and prepare Helix for growth,” Gardner added.
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move.
Sign Up for our Free Stock Newsletter
Helix Wind, Corp. engages in the development, manufacture, and sale of small wind turbines. The company offers distributed power technology platform designed to produce electric energy from the wind.
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Best Damn Penny Stocks
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
