Lancaster, Ca.-based Writers’ Group Film Corp. announced that it has executed an agreement for equity financing of up to $10m from Boston-based Auctus Private Equity Fund, LLC.
The company will use the funds to fulfill the financial requirements for its film, television and internet entertainment projects.
Commenting on the funding, Tal L. Kapelner, Writers’ Group’s President and Chairman, said: “With this commitment we hope to address the funding needs of our various upcoming entertainment projects to ensure the future growth of the Company.
“We looked at many funding opportunities for our projects in order to find the best fit and I believe we found that right fit with Auctus Private Equity“.
Writers’ Group is required to file an S-1 Registration Statement for the securities and will file with the Securities and Exchange Commission in the coming weeks.
FinSMEs
24/09/2009