SALT LAKE CITY, UT, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Investview Corporation (OTCQB: INVU) is pleased to announce that it has entered into multiple definitive funding agreements with an institutional investment fund managed by Yorkville Advisors Global LP and Delta Beta Advisors LLC based in Mountainside, NJ which will include a $5,000,000 line of credit along with a direct purchase of $650,000 of common stock.
The Standby Equity Distribution Agreement (SEDA) with YAII PN enables the purchase of up to $5,000,000 of our common stock at our request during the 36 months following the date of the agreement entered on December 6th, 2017. The shares would be purchased at 87.5% of the market price and would be subject to certain limitations, including that YAII PN could not purchase any shares that would result in it owning more than 4.99% of our common stock.
The Securities Purchase Agreement (stock purchase) with D-Beta One EQ, facilitates the purchase of 20,000,000 shares of our common stock for $650,000. Ten million shares were delivered at closing for $325,000, with the other ten million to be delivered when we file the necessary registration statement. Please refer to our 8K filing for the full details on both agreements.
Mario Romano, Director of Finance for Investview Corporation said, “As a publicly traded company, we desired to establish prudent institutional funding arrangements for the growth of our wholly owned subsidiary Wealth Generators. Our relationship with Yorkville Advisors and Delta Beta Advisors LLC and the closing of the $650,000 provides us immediate capital to support our international expansion that has been underway since this past summer. See press release “International Double-Digit Growth Continues”, August 22, 2017 and press release “Wealth Generators and Hodo Combine Forces”, October 26, 2017. The additional five-million-dollar equity line being made available can be used to take advantage of timely acquisitions without the lengthy process of engaging a broker to raise capital. In addition, these arrangements do not prohibit us from implementing traditional offerings, if needed, providing us a full range of solutions for all our capital needs.”
These agreements establish a direct relationship with an institutional investor and long-term partner to fund the growth of the company. The equity line is available, at our discretion providing us with both immediate and the precise amount of capital potentially needed in the future. This enables substantially less dilution when compared to convertible transactions or direct loan agreements.
About Wealth Generators
Wealth Generators provides financial technology, education, and research to individuals to enable them to “Find, Grow, and Keep” their money. We are best described as a financial fitness company providing our customers the tools and information that can improve their financial situation.
Wealth Generators products are distributed through a direct sales model. Our products are offered to individuals on a monthly subscription basis. Wealth Generators is classified as a publisher of financial research and information and exempt from securities registration. This is an exemption provided in the U.S. Securities Investment Advisers Act of 1940.
Wealth Generators is not a brokerage firm or Registered Investment Advisor. We do not execute trades or take possession of clients’ brokerage accounts. Our customers may cancel their subscription at any time and execute trades at their own discretion. www.wealthgenerators.com
About Investview, Inc.
Investview, Inc. is a diversified financial technology organization. The Company operates primarily through its wholly- and majority-owned subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions. www.investview.com
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements”. When the words “believes,” “expects,” “plans,” “projects,” “estimates,” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on Management’s current beliefs and assumptions and information currently available to Management and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.