KURRANT MOBILE CATERING, INC. ANNOUNCES THE SIGNING OF A $10M EQUITY FUNDING FACILITY WITH CENTURION PRIVATE EQUITY, LLC
Published June 08, 2011
Montreal, 8 June, 2011: Kurrant Mobile Catering, Inc. (OTCBB: KRMC.OB) dba Cogito Media Group (“Cogito”) today announced the signing of a $10,000,000 Equity Funding Facility with Centurion Private Equity, LLC (“Centurion”).
Centurion has committed to purchase for cash consideration, subject to certain conditions and limitations described in the agreement, including limitations based upon the price and trading volume of Cogito’s common stock, up to an aggregate of $10,000,000 of Cogito’s common stock over the next 36 months. Under the Equity Funding Facility, Cogito may, at its discretion, periodically sell to Centurion shares of Cogito’s common stock at a price based upon a discount to the market price (as defined in the agreement) of Cogito’s common stock.
Mr. Pierre Turgeon, CEO of Cogito, commented: “This investment will secure the company’s development plan and give us the opportunity to expand our existing markets in the U.S., Canada and Europe.”
Cogito produces literary and film projects on commercially-valuable mainstream topics, including high-profile individuals and historical legal cases. Recently, Cogito has announced the upcoming publication of Osama bin Laden: The Final Days through its subsidiary company Transit Publishing.This is the same company that brought the great success: Unmasked: The Final Years of Michael Jackson, which reached #1 on the New York Times Bestseller list. Cogito titles are distributed by Midpoint Trade Books in the U.S., Benjamin Livres in Canada and by Interforum in France, one of Europe's largest book distributors. For further information, please visit www.cogitomedias.com
Statements released by Cogito that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
KURRANT MOBILE CATERING, INC. dba COGITO MEDIA GROUP
279 Sherbrooke St. West, Suite 305, Montreal, Quebec, Canada, H2X 1Y2
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