Renewal Fuels discloses private placement of Series C preferred stock
AMFN•Renewal Fuels disclosed an unregistered issuance of Series C preferred stock, with common stock issuable upon conversion; no commissions were paid and no cash proceeds were received in the exchange.
1. Private placement details
The securities were issued under Section 4(a)(2) and Rule 506 of Regulation D to accredited investors. The shares are restricted securities under Rule 144 and subject to customary resale limitations.
