This morning most investors are going to be looking into stocks of those companies that had been in the news cycle on Thursday, and one such company is Energy Plug Technologies Corp. (OTCQB: PLGGF). The company made certain key announcements yesterday that brought it onto the radars of investors yesterday and could make the stock one to watch out for today.
Major Milestones
The company announced yesterday that it had been successful in closing the first tranche of the non-brokered private placement to raise gross proceeds to the tune of $1,015,184. The company announced that it raised the proceeds through the offering of 14502624 units for the price of $0.07 each.
Key Details
Each unit had comprised a common share in Energy Plug Technologies and a common share purchase warrant. Anyone with one common share purchase warrant would be able to pick up a common share in the company for $0.10 up until a year from the date of closing of the private placement.
New CEO
The company also announced at the same time that it appointed a new Chief Executive Officer in the form of Paul Dickson. It was noted that Dickson held more than three decades of experience in executive leadership and the capital markets.
