What Will New Financing Arrangements Bring for Petrosonic Energy Inc (PINK:PSON)

Las Vegas, NV -- (SBWIRE) -- 02/20/2013 -- Petrosonic Energy Inc (PINK:PSON)has recently declared that the company is about to start unregistered sale of equity through Material Definitive Agreement. Under the agreement, total 12,610,000 shares of common stock are sold to investors at $0.25 rate per share.

Petrosonic Energy Inc received total $3,152,500 for the common stock issued. Investors paid fee and warrants of two years exercise life to purchase shares. Pearson has given some registration rights to the investors for entering agreement as well.

Petrosonic Energy Inc, formerly known as Bearing Mineral Exploration is engaged in oil and mineral extraction business. The company’s primarily focus on separation of components like asphalt from crude oil, waste oil and oil sand.

To find out what OTCMAGIC projects for Petrosonic Energy Inc for both short term and long term please click here: PSON

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