Command Center, Inc. (CCNI.OB) Obtains $2 Million in Debt Financing
Command Center, an emerging provider of reliable, on-demand labor solutions, has received $2 million in financing in exchange for a promissory note and warrants issued to Sonoran Pacific Resources, LLP. This transaction is similar to the transaction between the two companies in early 2007. According to the terms of the contract, Sonoran Pacific Resources will be issued three-year warrants for 1,000,000 shares of Command’s common stock, convertible at $.45 per share. The funds will be used to provide working capital for the company’s expanding work base, which comes from its core labor solutions business as well as its participation in…