BEDFORD, TX / ACCESSWIRE / November 24, 2015 / Cherubim Interests Inc. (“CHIT”) (the “Company”) (OTC: CHIT), a development-stage alternative construction and real estate development company, announces that it has entered into a Securities Purchase Agreement with Blackbridge Capital, LLC, pursuant to which Blackbridge has agreed to purchase, at the Company’s sole discretion, up to five million dollars ($5,000,000) of the Company’s common stock.
“We are thrilled to have Blackbridge Capital as a financial partner,” said CEO Patrick Johnson. “This further enhances our ability to execute the business plan we have put together to capitalize on opportunities in the real estate and cannabis market sectors.”
The Company and Blackridge also entered into a Registration Rights Agreement, whereby the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended. Pursuant to the Registration Rights Agreement, the Company shall register the Shares pursuant to a registration statement on Form S-1.
“Cherubim Interests has put together a clearly defined strategy to excel in an incredibly high-potential industry,” stated Alex Dillon, Managing Partner of Blackridge Capital. “They have the tools and team in place to dominate in the coming years and we’re honored to be a key part of helping them advance.”
About Cherubim Interests Inc.
Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.
For more information, visit www.cherubiminterests.com
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond our company’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: oil and gas prices, general economic or industry conditions, nationally and/or in the communities in which our company conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, our access to capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting our company’s operations, products, services and prices.
We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer