1 July 2013capital raising announcement● NeutralMajor
Casey Container issued 11,000,333 restricted shares to three officers in exchange for releasing $662,000 of debt owed to them for expenses, fees and loans, and 1,000,000 shares to a consultant for $50,000 of unpaid invoices. This cuts liabilities but dilutes existing shareholders. Separately, on May 28, 2013 it ended its relationships with Lankford Consulting Group and affiliates over lack of progress on the ARG Vermogensverwaltung equity financing, and says it is talking to other investment groups.