FutureWorld Energy, Inc. announced that it has received $0.38 million in funding.
As of June 10, 2014, the company raised $282,000 in funding from three investors in its first tranche.
On September 10, 2014, FutureWorld Energy, Inc. closed the transaction. The company issued a debenture for proceeds of $100,000 as part of the last tranche. The debentures issued will be due and payable 12 months from the date of issue. The debentures will carry an interest of 12% per annum and will be convertible into common shares of the company. The company had entered into definitive agreements evidencing the transaction.