Las Vegas, NV -- (SBWIRE) -- 02/15/2013 -- Petrosonic Energy Inc (PINK:PSON) recently sold 12.61 million shares to investors in a private placement at the price of $0.25 per share. The respective transaction ended with cash proceeds of $3.15 million for the company.
It seems Petrosonic Energy Inc is generating more funds for its projects which could someday result in revenue and sales for the company.
The share price gained 7.94 percent to close at $0.680 in its last trading session. The share price touched the highest of $1.12 in last 52 weeks while its lowest in last one year stands at $0.18.
The company is engaged in separate of asphalt from crude oil, oil sands and waste oil. The company was initially registered under the name of Bearing Mineral Exploration Inc and later in May, 2012 changed its name to Petrosonic Energy Inc.
To find out what OTCMAGIC projects for Petrosonic Energy Inc for both short term and long term please click here: PSON
OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in Penny Stocks!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)