Vernon, CT, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Bofat, Inc. is announcing its planned offering of up to $5 million qualified by the SEC under Tier II of Regulation A+. Bofat, Inc. In addition to its upcoming investor roadshows, the Bofat offering will be marketed exclusively to online investors on IPOFLOW.com, which is a marketing platform for IPO and Reg A+ offerings.
Olukayode Jinadu, Bofat’s founder, says, “ I believe that Bofat has its foot in the door to be in a favorable and solidified position as a key electricity supplier in the Jamaican economy. My deal is for investors looking for a stable and growth prone investment.”
As a Delaware based company, Bofat is providing energy solutions in an economy where there is a begging demand and lack of supply. The offering is intended for Bofat to develop a power plant using clean gas burning furnaces in order to produce and sell electricity back into Jamaica’s power grid.
Bofat is working closely with JAMPRO, an investment government agency, as they see beneficial value in private sector energy solutions for Jamaica. Bofat plans to expand as a solution creator, one frontier market at a time.
Regulation A+ and the Offering
Reg A+ is a type of offering that allows private companies to raise up to $50 million from the public. Like an IPO, Reg A+ allows companies to offer shares to the general public and not just accredited investors.
The Bofat offering of up to 2,500,000 shares of the Company's common stock is on a "best efforts" basis. The minimum purchase requirement per investor is $200 for $2 a share. Bofat intends to use the proceeds for the development of its power plant, the purchase of clean gas fired turbines, and the first six months of operation will be financed.
This press release may include "forward-looking statements. To the extent that the information presented in this press release discusses financing projections, information, or expectations about our business plans, results of operations or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider and cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement we have filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Bofat does not undertake any duty to update any forward-looking statements except as may be required by law."
The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities was filed with the Securities and Exchange Commission and was qualified on October 13, 2017. You may obtain a copy of the offering circular contained in the offering statement at the following link: https://www.sec.gov/Archives/edgar/data/1677159/000167715917000008/bofat_pos2.htm
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A, until an offering statement is qualified by the U. S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A offering is non-binding and involves no obligation or commitment of any kind.
Bofat Investment, Inc: Olukayode Jinadu President/CEO of Bofat Investment 7604436744 firstname.lastname@example.org