BARON CAPITAL SUBSIDIARIES TO ENTER MJ AND OIL SECTORS
October 13 2016 - 7:00AM
InvestorsHub NewsWire
TGGI to enter the marijuana
market
Baron outlines plans for its three blank check
shell companies
Coconut Creek, FL -- October 13, 2016 --
InvestorsHub NewsWire -- Baron Capital Enterprises, Inc. (OTCPK:
BCAP) is pleased to announce that its subsidiary Trans Global
Group Inc. (OTCPK:
TGGI) is entering the growing marijuana
business.
TGGI is filing a Tier 1 Reg A offering to raise
funds to enter the marijuana sector. Tier 1 Reg A offerings allow
companies to raise up to $20 million in a twelve-month period.
Funds raised will be used to invest in operating facilities, as
well as the purchase of existing locations and
licenses.
There are multiple revenue streams within the
marijuana sector that range from growing marijuana, to warehousing,
to financial services. The objective is to invest capital into
several companies that work within the marijuana space. Investments
would range from a minimum of 25% up to 100% equity acquisition, or
joint ventures with existing companies, with current management
staying in place. Over time certain investments will be spun off
through a distribution to the shareholders of the Company.
Over the course of the next 45 days a name and ticker change will
take place, along with the filing of the Tier 1 Reg A offering, and
the launch of a new website. During the Reg A funding process,
capital will be raised in $500,000 increments to limit dilution of
the company, so as to maintain a higher share
price.
BLANK
CHECK SHELL COMPANIES
Baron Capital owns three blank check shell
companies that were created in 1998. Each of the companies has a
minimum of 46 shareholders allowing them to become public traded
corporations as conditions permit. A blank
check company is a development stage company that has no
specific business plan or purpose or has indicated its business
plan is to engage in a merger or acquisition with an unidentified
company or companies, other entity, or person.
Baron will bring each blank check shell company
public as a holding company. Each company will have its own
business plan and will focus on a different market
sector.
White Financial will be the first company
brought public through an S-1 registration as a development stage
company in the Oil & Gas sector. The company will raise funds
to be used to buy into re-work wells that produce a minimum of 10
bpd and have an extraction cost of between $8 - $15 per
barrel. White Financial will be renamed prior to the S-1 being
filed. Since the company has never had operations the audit
process will take very little time to prepare.
The White Financial S-1 will be filed before the
end of the current calendar year. Shareholders of Baron will
be offered an opportunity to exchange all or part of their shares
of Baron for shares of White. Those shares will be registered as
part of the S-1. The conversion ratio will be determined at
the time of the S-1 filing and will be based on the then-current
market price of Baron.
Baron intends to cultivate its own client network through its blank
check companies. Deals will be signed with the intention of
bringing the client companies public. This strategy will allow
Baron to earn fees, as well as increasing Baron’s balance sheet
through its holdings in each client
company.
Baron business model works when its clients pay
on time and each client works to enhance their shareholders value.
This is evidenced via the growth of Baron’s assets and can be seen
on Baron’s recently filed financial statements.
Baron has been working to address the DTC chill issue and
accumulated deficit. After speaking with Counsel through a
series of filings which will include a domicile change, both the
DTC issue and accumulated deficit will be addressed by the end of
the current fiscal year.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
“believes,” “expects,” “potential,” “plans,” “suggests,” “may,”
“should,” “could,” “intends,” or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact:
Matt Dwyer
matt@bcapent.com
954-623-3209
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