Well Power, Inc. (WPWR) Sees Investment Flare Up
Well Power, a leading innovator in gas-flare-reduction technology, has recently secured a new investment agreement as the company moves forward with its prototype micro-refinery unit (MRU) work that it is currently undertaking in Texas. Recently, Well Power announced a deal with LG Capital for an investment in the company. Two convertible notes were issued. The first note, due November 18, 2015 in the principal amount of $78,750, was issued in exchange for $78,750 in cash. The second note, due November 18, 2015 in the principal amount of $78,750, was issued in exchange for a full-recourse collateralized promissory note from LG…