U.S. Aerospace, Inc. Obtains $500,000.00 Additional Funding and Extends Remaining Debt One Full Year

by: , Atlantic Wire
July 30, 2010

Category: Syndicated Industry News | RSS 2.0

LOS ANGELES–(BUSINESS WIRE)–U.S. Aerospace, Inc. (OTCBB: USAE), a U.S. aerospace and defense contractor, today announced that the Company’s senior lenders have extended all of their debt one full year to July 31, 2011 and, together with Hutton International SPE, LLC, invested an additional $500,000.00 via notes convertible into common stock at $0.13 per share, the closing trading price on July 27, 2010. “We appreciate our lenders’ strong support for our new management team’s vision, and are pl

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