OneRoof Energy issues $3 million in notes

Written By: Tracy Dawson Roses
October 28, 2015

One Roof

OneRoof Energy issues $3 million in notes

On October 28, OneRoof Energy, Inc. announced that it issued $3,000,000 in secured non-convertible notes. $1 million was issued to Black Coral Capital, and $2 million to Spindrift Equities LLC.

The notes are secured by the assets of the Company that are not pledged as security under the Company’s senior credit agreement with North Sky Alliance Fund and NewWorld Environmental Infrastructure L.P., as well as the Company’s subordinated convertible notes.

The financing transaction is subject to all applicable regulatory approvals, including the acceptance of the TSXV.
The proceeds will be used for general working capital purposes, including general and administrative, IT development and investment in solar projects.