|By Marketwired .||
|December 20, 2013 07:30 AM EST||
TEMPE, AZ -- (Marketwired) -- 12/20/13 -- Quantum Energy, Inc. (PINKSHEETS: QEGY), released the pricing of its recently announced $5,000,000 BDC funding to be arranged by Data Capital Corp (DCC) of New York, NY. DCC has agreed to assist Quantum in the formation of a Business Development Company (BDC) by forming Quantum Funding, Inc. as a BDC to raise an initial $5,000,000. Upon receipt of the funding, Quantum Funding, Inc. will then be acquired as a subsidiary by QEGY in a share exchange by which the $5,000,000 subsidiary will be acquired for 10,000,000 shares of newly issued restricted common stock for a valuation that equates to an issuance price of $0.50 cents per share.
"Quantum supports the share exchange pricing terms proposed by DCC for the acquisition of the BDC and looks forward to the completion of the Quantum Funding, Inc. acquisition with its attendant funding," said Stan Wilson, Chairman and President of Quantum.
In addition to pursuing refinery development opportunities in the Bakken field, the BDC will help Quantum fund its oil and gas exploration, drilling, well completion and fuel distribution efforts.
The new Quantum website including new management bios can be found at www.quantum-e.com.
About Quantum Energy, Inc.
QUANTUM ENERGY, INC. is a development stage publicly traded diversified holding company with offices in the Bakken field in Williston, North Dakota with an emphasis in land holdings, refinery and rail transload development, oil and gas exploration, drilling, well completion and fuel distribution.
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To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
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