MagneGas (MNGA) Enters $3M Securities Purchase Agreement
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MagneGas Announces Financing of $3 Million
November 16, 2016 8:30 AM ESTTAMPA, Florida, November 16, 2016 /PRNewswire/ --
MagneGas Corporation ("MagneGas" or the "Company") (MNGA), a technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2® fuel, announced today that on November 16, 2016, it entered into an agreement with a single institutional investor for a registered direct placement of approximately $3 million.  The Securities Purchase Agreement provides for the sale of $2.5 million of pre-funded warrants which warrants are exercisable into 5,102,041... More
