DALLAS, TEXAS : StockGuru announces that Jammin Java Corp. (OTCBB: JAMN) is in the StockGuru Spotlight. Jammin Java Corp. is a US-based company providing premium roasted coffee on a wholesale level to the service, hospitality, office coffee service and big box store industry.
On Friday, the company put out news announcing that the company has requested and received authorization to receive the balance of the $2.5 Million financing from the Share Finance Agreement originally announced in December 2010. To date, the company has drawn down three tranches of $40,000 for an aggregate of $120,000. The investor has now authorized the immediate release of the balance of $2,380,000 to the company. The shares from the financing will be restricted securities.
Shares for Jammin Java Corp. were up during the late afternoon of trading on Friday and closed up one cent at closing.
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