Business Services Industry
St. Lawrence Energy Corp. Receives Confirmation of Initial $2 Million Investment
Business Wire, Jan 25, 2008
NEW YORK -- Renewable energy company St. Lawrence Energy Corp. (OTC: SLAW) received confirmation that Hirsch Capital has received on behalf of St. Lawrence Energy the initial $2 million investment for 1,334,000 authorized but unissued shares of St. Lawrence Common Stock pursuant to the 3SOFT, Inc. stock purchase agreement.
The cash infusion to St. Lawrence will be completed upon transfer of the stock certificates.
"We're pleased that 3SOFT has moved forward with their commitment pursuant to our agreement. We will finalize and complete this transaction as soon as our transfer agent prepares and provides the stock certificates to 3SOFT, Inc," said Robert Mitchell, CEO of St. Lawrence Energy.
About 3SOFT
3SOFT, a public company listed on the Korean KOSDAQ, is based in Seoul Korea, where it develops, manufactures and markets sophisticated technology precision instruments and systems.
About Hirsch Capital Corp.
Hirsch Capital Corp. is a California corporation with a focus on nontraditional private equity capital funding for small businesses. It is active in introducing Korean businesses to the U.S. capital markets and in advising them about global marketing strategies.
About St. Lawrence Energy Corp.
St. Lawrence Energy Corp. (OTC: SLAW) is a Delaware company with a focus on the energy sector, including the development, sales and transportation of renewable energy products.
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