Winning Brands announced today by way of a news release on the North American disclosure network that it has entered into a securities purchase agreement with GPL Ventures, LLC of New York City.
That company will purchase $1.5 Million of Winning Brands common stock pursuant to a Regulation A Tier I filing, to be made. The benefit to Winning Brands is that the agreement by GPL to purchase the stock removes uncertainty as to whether Winning Brands shares will be subscribed if the SEC permits their issuance. This agreement in advance saves Winning Brands time and money, and strengthens the likelihood of Winning Brands’ regaining momentum in 2017. Winning Brands has been in a quiet period that arose from Winning Brands’ discontinuation of the use of Regulation D, Rule 504 for funding, pending a suitable alternative mechanism to support Winning Brands growth. During the quiet period momentum was diminished – which these new arrangements will reverse. More details regarding the Regulation A filing will be posted in due course.
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