Energy Industry
Industry: Email Alert RSS FeedClickable Enterprises obtains further financing.(News And Trends)(Brief Article)
Fuel Oil News, December, 2004
In October, Clickable Enterprises, Inc., a New York-based online heating oil services company, announced that it had closed on a financing transaction that provides the company with additional capital in the amount of $1.2 million through the sale of convertible preferred stock.
Under the terms of the transaction, the outstanding convertible debentures in the original principal amount of approximately $2,500,000 held by the investors were restructured whereby the maturity date was extended to Oct. 20, 2007, from June 6, 2004. Use of funds will be principally dedicated to actions that will increase revenues and operating profitability such as acquiring complementary heating oil businesses and increasing marketing and advertising expenditures as another means...
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