HOUSTON, TX, United States, via eTeligis Inc., 07/02/2014 - - SMART VENTURES, INC.(OTC Pink: SMVR) (PINKSHEETS:SMVR)-- Smart Ventures,Inc.announcesthat its much anticipated private placement capital raise has begun.Cannabis Funding Group, LPis offering $100,000,000 limited partnership units to accredited investors and institutional investors only. The offering size is 2,000 limited partnership units @ $50,000 per unit for 5 year term with a targeted investment per investor of $1 Million. Interested parties should contact the fund manager for copy of the offering circular.
The Fund,Cannabis Funding Group, LPis a limited partnership formed under the laws of the State of Texas. The Fund's parent company is Smart Ventures, Inc. which owns 100% of the common stock of Cannabis Funding Group, Inc.Cannabis Funding Group, Inc. owns 1% of Cannabis Funding Group, LP as General Partner and Smart Ventures, Inc. owns 99% of the LP.Cannabis Funding Group, LP will be selling limited partnership units which will proportionately reduce the ownership of Smart Ventures to its pro-rata ownership of the LP.The General Partner will receive a 2% management fee and 20% performance fee.
This announcement appears as a matter of record only and is not a solicitation or offer to sell the securities represented herein. The securities are offered only to accredited investors and institutional investors via written offering circular. These securities are void where prohibited in any jurisdiction internationally.
Cannabis Funding Group LP is headed by Mr. Marcel deRushewho has over 15 years of capital markets experience with a proven track record of results-oriented performance. His career is highlighted by Trading & Investment Management roles in both domestic and international markets. Prior to joining Smart Ventures, Mr. deRusheserved as director of an offshore trust company managing all aspects of client investments. Previous roles also included investment advisory positions atBank of America-Merrill LynchandAIG, and voting member of aStrategy Committee for BBVA Bank. Mr. deRushealso has experience with startups, VC funding and established relationships with institutional investors. Mr. deRusheholds a BA in Economics from University of Massachusetts at Amherst with concentration in finance.
"We are excited to finally get the fund capital raise in front of investors who have been waiting for an opportunity to diversify their investment into cannabis related businesses, managed by a professional money manager," said Roger Smith, CEO.
About Smart Ventures
Smart Ventures, Inc.is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. We also formed a midstream transportation division with a fleet of trucks. We began to offer a diverse range of armored vehicles which compliments out midstream transportation division.www.sandaydrilling.comwww.smartventuresinc.us
About Cannabis Funding Group
Cannabis Funding Group, Inc.a Colorado corporation is a wholly owned subsidiary of Smart Ventures, Inc.Cannabis Funding Group, LPis a Texas Limited Partnership. CFG is a strategic investment partner for entrepreneurs in a diversified range of cannabis related businesses.www.cannabisfundinggrouplp.com
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends, "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions.A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Safe Harbor:This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Media Relations: Roger Smith
SOURCE: Smart Ventures, Inc.