Eco Building Products Subsidiary Wood Protection Technologies Files SEC Form Indicating Intent to Raise $3 Million in Conventional Equity

Eco Building Products (OTCP:ECOB) has announced that its subsidiary, Wood Protection Technologies, filed a Notice of Exempt Offering of Securities with the US Securities and Exchange Commission to raise $3 million in conventional equity.
As quoted in the press release:

Further, WPT announced that it will be a presenter at the Marcum MicroCap Conference, in New York City on June 15, 2017.
In February, WPT announced that it had secured $400,000 in term debt to fund the launch of the Company’s suite of environmentally friendly, wood protection chemical formulations. In March the Company announced its first national distribution contract which has since commenced shipping with sales substantially ahead of forecast.
WPT has reached agreement with its term lenders to roll the entire $400,000 into the $3 million equity raise. The Company has already been approached by several interested parties and looks forward to a series of individual meetings at the upcoming Marcum Conference.
The Marcum MicroCap Conference is a nationally recognized forum to present to and network with fund managers and high net worth investors who focus on small cap equities. The Conference expects more than 2000 participants this year.

Click here to read the full press release.