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SEFE Inc (OTCMKTS:SEFE) Clearing Its Debts

 
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Las Vegas, NV -- (SBWIRE) -- 12/11/2013 -- SEFE Inc (OTCMKTS:SEFE) announced that it issued 3,900,000 common stock shares on October 23rd 2013. The issuance of shares was to convert outstanding debenture in totaling $3,900 principal amount. The debenture has 8% annual interest.

SEFE says that it issued common stock shares to unaffiliated accredited investors. The company did not register investor in reliance. The company says that it allows shareholders to have equal rights related to dividends.

SEFE, Inc. develops and sells renewable sources of energy. The company uses sources that are freely available in the atmosphere. It designs systems to collect static electricity and convert it into usable forms for purposes of mining, manufacturing, and construction. It is planning to generate revenue through electricity production in Harmony III commercial grade units.

To find out what OTCMAGIC projects for SEFE Inc for both short term and long term please click here: SEFE

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