Maxus Realty Trust Inc. announced that it expects to receive $11.5 million in funding.
Maxus Realty Trust Inc. (OTCPK:MRTI) announced a private placement of convertible debt securities and option, warrant or other right to acquire another security for gross proceeds of $11,500,000 on December 31, 2013. The company will issue securities pursuant to exemption provided under Regulation D.
The transaction became effective as of January 13, 2014. The company has received $2,500,000 from three investors.