Country Star Restaurants enters into development financing agreement.LOS ANGELES--(BUSINESS WIRE)--Sept. 14, 1995--Country Star Restaurants, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol CAFE) announced today that it has entered into a development financing agreement with NevStar Restaurants, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a private entity, that provides for $4.5 million of equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. for the company's Country Star Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. Restaurant. In addition, under the agreement, NevStar also has the right to invest up to an additional $12.5 million in future Country Star Restaurants. The development financing agreement is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent , among other things, the company completing a public or private equity financing of not less than $10 million, net of underwriting discounts and commission, on or before Nov. 15, 1995. The company currently owns and operates Country Star Hollywood, located adjacent to the entrance of the Universal Studios Hollywood Theme Park and Universal CityWalk Development in Los Angeles. The company is engaged in the business of developing, constructing, owning and operating country music theme oriented restaurants. CONTACT: Country Star Restaurants, Inc., Los Angeles Peter R. Feinstein, 310/268-2200 |
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