Twitter Facebook LinkedIn YouTube

Free Energy International (TSXV: FEE) Completes acquisition of Darelle Media

Video Platform Video Management Video Solutions Video Player

Shareholders will be pleased to see the shares back trading after the company requested a halt back in August 2013, pending news. Darelle Media has developed a cause driven online marketplace designed to bring shoppers, businesses and charities together to provide opportunities to buy and sell, while bettering the community with each transaction.

Additional Information:

Company: Free Energy International
Website: https://darelle.com/
Stock Symbol: TSXV: FEE
Date Published: Feb 10, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Free Energy International, symbol FEE on the TSX Venture Exchange has completed the acquisition of Darelle Media.
.
Shareholders will be pleased to see the shares back trading after the company requested a halt back in August 2013, pending news.

Darelle Media has developed a cause driven online marketplace designed to bring shoppers, businesses
and charities together to provide opportunities to buy and sell, while bettering the community with each transaction.

Consumers create buy requests for the product or service they are looking for and share them to get more like minded individuals to request the same thing, or they can browse by category.

Those buy requests are matched against the profiles of participating businesses and sent to them to make offers on and fulfill the demand.

Revenue is generated when a transaction between a buyer and seller actually occurs and is considered a listing fee.

The parties to a successful transaction recommend an eligible charity and Darelle Media subsequently donates a percentage of its revenue to the respective organization.

Free Energy acquired 100% of Darelle for $725,000, which was paid through the issuance of 14.5 million shares at a deemed price of $0.05 per share.

Darelle had raised $590,000 over the last 4 years through the issuance of 10.3 million shares.

Free Energy also assumed the outstanding debt of Darelle in the amount of $165,625, which was settled by the issuance of an additional 3,312,500 shares at $0.05.

Dean Bethune, President and CEO of Free Energy stated: "We are excited to complete the acquisition and believe that the platform developed by darelle will receive strong acceptance from the marketplace.”

Darelle was founded by Kyle Kotapski, who will remain President of darelle and will join the Board of Directors of the Free Energy.

Kyle Kotapski added: "The evolution and refinement of the platform has taken a few years. We are excited about the Vancouver launch and the chance to demonstrate the opportunities the darelle marketplace provides consumers, local businesses, and worthwhile causes."

Free Energy announced a private placement of up to 2,000,000 common shares at $0.05 per share, which will be used to supplement working capital.

The company 51.5 million shares outstanding.

For more information about Darelle, please visit the company’s website www.darelle.com, contact Kyle Kotapski, President of Darelle Media, at 604-345-0868 or email kkotapski@darelle.com.

I’m Samantha Deutscher for Investmentpitch Media - For more video news, and to view our disclaimer, please visit our website at www.investmentpitch.com - This video is for information purposes only and it not a recommendation to buy or sell any securities.