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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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February 2, 2016
08:05 EDTMNGAMagneGas selected by Condotte America as fuel choice for meta cutting
MagneGas announced that Condotte America, has selected MagneGas2 fuel as its fuel of choice for metal cutting. Condotte conducted extensive testing of MagneGas2 under various conditions, has placed their initial orders and has indicated their intention to switch all metal cutting operations to MagneGas2. Condotte specializes in the construction of complex transportation projects that include roadway, bridges, interchanges, mass transit, and tolling facilities. Condotte has completed an extensive list of high profile projects in Florida for the Florida Department of Transportation, the Miami-Dade Expressway Authority, and several Miami Dade County agencies: from the Acosta Bridge Project in Jacksonville, FL to projects throughout the Eastern US, including the Chesapeake and Delaware Canal Bridge in Wilmington, Delaware and the Sidney Lanier Bridge Project in Brunswick, Georgia. In addition, Condotte has expanded its market reach beyond the US boundaries, establishing ventures in Panama and El Salvador, where they continue to build quality projects for new customers.
January 28, 2016
09:02 EDTMNGAMagneGas fuel selected by international bridge builder
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