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Stock Market & Financial Investment News

News Breaks
January 22, 2014
09:08 EDTMNGAMagneGas enters into agreements for financing of $4M in gross proceeds
MagneGas announced that it has entered into definitive agreements with an institutional investor for a financing of $4M in gross proceeds. Under the terms of the agreements, MagneGas will issue registered shares of the company's common stock for $1.86M in gross proceeds and unregistered shares of Series B convertible preferred stock for $2.14M in gross proceeds, which are convertible into common stock of the Company at 80c per share. The offering is expected to close on or about January 27, subject to the satisfaction of customary closing conditions. Northland Capital Markets is serving as the exclusive placement agent on the transaction. MagneGas plans to use the proceeds from the transaction for general corporate purposes, including working capital and potential acquisitions.
News For MNGA From The Last 14 Days
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May 21, 2015
08:02 EDTMNGAMagneGas announces major producer of painting systems requests demo
MagneGas announced that a major producer of painting systems, viewed a MagneGas2 demo and has requested an immediate supply of the fuel for metal cutting. The demo was viewed by company officials on May 19, who indicated they were impressed with the speed and quality of the cut and immediately requested a supply of the fuel. The company has locations in the U.S. and Mexico and produces large paint booths and other ancillary systems for the automotive and aerospace manufacturing industries. The gas will initially be supplied to their location in Michigan.
May 19, 2015
09:22 EDTMNGAOn The Fly: Pre-market Movers
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09:13 EDTMNGAMagneGas says second 'top ten' U.S. utility requests demo
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May 15, 2015
08:01 EDTMNGAMagneGas announces first order request by US Navy
MagneGas announced that following a specific request from the US Navy, it has successfully completed a demonstration using its MagneGas2 cutting fuel at a designated US Navy facility. Following an initial demonstration, the US Navy contacted MagneGas and purchased their first order of MagneGas. Subsequently MagneGas was invited to perform a two-day "hands-on" demonstration and testing session that concluded on May 12th.
May 11, 2015
08:33 EDTMNGAMagneGas announces waste company requested formal testing of MagnetGas fuel
MagneGas announced that a major waste to energy company with 51 existing operating facilities processing solid waste into renewable energy, has requested formal testing of MagneGas as an immediate replacement to acetylene.

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