Graves pointed to a year of progress at USASF
with major debt and equity investments from Canada and the U.
The team won 3 bronze medals, 1 silver and 2 gold medals at the USASF
As part of the transaction, the company's name and stock symbol will be changed to USA Synthetic Fuel Corporation, a 50 for 1 reverse split of the outstanding shares will be undertaken to achieve a post merger capitalization of 155,954 shares issued and the simultaneous issuance of convertible preferred shares to the current owners of USASF
, which, upon conversion, will produce a total issued and outstanding capitalization of approximately 75,000,000 shares.
Like Comair, USASF
is introducing a new technology, which is a low cost, efficient, clean energy alternative that could change the energy sector for years to come.
Global Energy"), having launched USASF
in 2010, purchased 1.
All-Star Federation (USAF) -- Aaron Flaker - Founder and Co-Owner of the JAM Brands and a director for the USASF
-- Karen Halterman - Director for the USASF
Representing the National Federation of State High School Associations -- Rhonda Blanford Green - Assistant Commissioner of the Colorado High School Activities Association
In October, 2011, the Company signed an engagement letter with an unrelated third party to act as an advisor and provide investment banking services including arranging a bond financing of $350 million based on the Company's BOE Energy asset, which will be used to advance USASF
projects and provide general growth capital for the Company.
believes that additional capital would be available as milestones are achieved and as high growth opportunities call for additional equity capital from an investor that shares the vision of low cost clean energy in America.