First tranche of $1,000,000 Paid to United Arab Emirates Headquartered Company for Acquisition

Author's Avatar
Aug 09, 2022

SAN FRANCISCO, CA / ACCESSWIRE / August 9, 2022 / Quality Industrial Corp. (OTCQB:QIND), today announced that on August 3, 2022, they issued a two-year convertible promissory note in the principal amount of $1,100,000 to RB Capital Partners Inc. The note paid for the first tranche of an acquisition, whereby $1,000,000 was paid to a United Arab Emirates based company, pursuant to a binding Letter of Intent that was signed with them on the 30th of June 2022.