Form D Alert: Interra Energy Services $1.56 million Fundraising. George Chow Released Oct 5 Form D

Oil And Gas Interra Energy Services Ltd. - George Chow

Interra Energy Services Financing

Interra Energy Services Ltd., Corporation just released form D because of $1.56 million equity financing. This is a new filing. Interra Energy Services was able to fundraise $1.56 million. That is 100.00% of the financing offer. The total private financing amount was $1.56 million. The private financing document was filed on 2016-10-05. The reason for the financing was: unspecified.

Interra Energy Services is based in Alberta – Canada. The filler’s business is Oil and Gas. The SEC form was filed by George Chow Director. The company was incorporated more than five years ago. The filler’s address is: Suite 400- 703 6Th Avenue Sw, Calgary, A0, Alberta, Canada, T2p 0T9. George Chow is the related person in the form and it has address: Suite 400- 703 6Th Avenue Sw, Calgary, A0, Alberta, Canada, T2p 0T9. Link to Interra Energy Services Filing: 000168633516000001.

Analysis of Interra Energy Services Offering

On average, firms in the Oil and Gas sector, sell 13.77% of the total offering size. Interra Energy Services sold 100.00% of the offering. Could this mean that the trust in Interra Energy Services is high? The average investment offering size for companies in the Oil and Gas industry is $227,000. The total amount raised is 589.32% bigger than the average for companies in the Oil and Gas sector. The minimum investment for this offering was set at $0. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Interra Energy Services Also

The Form D signed by George Chow might help Interra Energy Services Ltd.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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