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MagneGas (MNGA) Plans Public Offering of Stock

May 30, 2013 5:01 PM EDT Send to a Friend
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MagneGas Corporation (Nasdaq: MNGA) announced its intention to offer, subject to market and other conditions, shares of its common stock and warrants to purchase common stock in an underwritten public offering. The Company currently intends to use the net proceeds from this offering for working capital and general corporate purposes. The offering is expected to price before 9:30 a.m. EDT on May 31, 2013.

Northland Securities, Inc. is acting as the sole book-running manager for the offering.




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