Advanced Plant Pharmaceuticals, Inc. Announces Appointment of Investment Banker J H Darbie & Co., Inc., and Letter of Intent to Raise 1.2 Million Dollars for its Spin-off Amazing Nutritionals Inc.
NEW YORK, May 10 /PRNewswire-FirstCall/ -- Advanced Plant Pharmaceuticals, Inc. (OTC Bulletin Board: APPI) a company that utilizes whole plants to develop all natural dietary supplements, is pleased to announce that they have signed an Investment Banking agreement and a Letter of Intent with J H Darbie & Co., Inc., discount brokers on Wall Street.
As part of the Investment Banking Agreement with APPI, J H Darbie agreed to render the following financial consulting services to APPI; advise and assist APPI in matters pertaining to the financial requirements of APPI, assist in formulating plans and methods of financing, assist in obtaining financial management, technical and advisory services, and assist in financial and corporate public relations as may be requested or advisable.
As part of the Letter of Intent with APPI's spin-off company Amazing Nutritionals, Inc. "ANI", J H Darbie agreed to undertake on an exclusive basis a private offering of 1.2 million shares of ANI common stock through a private placement to accredited investors pursuant to Rule 506 under Section 4(2) of the Securities Act of 1933, as amended. The offering price shall be at a price of $1.00 per share.
For more information on APPI, please visit the Company's Web site at advancedplantpharm.com
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