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With Quantarus and Texican, Energy River Could Lead to $2M - cbl
Posted June 3, 2011
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Aubrey Hilliard
By Julie Armstrong
CHARLOTTE -- Energy River Inc. has launched an equity offering of $1.5 million, which could be bumped up to $2 million if the startup's board of directors chooses.
Principals named in the first SEC filing by the Charlotte-headquartered energy tech firm are corporate Secretary John Casper, executive officer and director , of Quantarus Capital Partners, also in Charlotte; and director Michael VanWingerden, of Huntersville.
Also named is director , president of Texican Horizon Energy Marketing LLC in Charlotte, the wholly owned affiliate of Houston-based Texican Natural Gas Co. Texican Natural Gas is one of the largest gas suppliers to industrial, commercial and municipal customers in the Carolinas.
Energy River disclosed in the filing that it may use part of the proceeds to buy a stake in one of its original equipment manufacturers and to pay the salaries of officers and employees.
Quantarus Capital Partners focuses on change-of-control investment opportunities with fundamentally sound, growing companies. The firm also provides growth equity to companies with unique products or technology that need to be commercialized.
Reg D filing: http://tinyurl.com/6hdrosr
Rick Sabath
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