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alpha-En Corporation Announces $2 Million Private Placement
alpha-En Corporation Announces $2 Million Private Placement.
About this update from Alpha-en Corporation
[{"type":"text","content":"\n\n\n\nalpha-En Corporation Announces $2 Million Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nalpha-En Corporation Announces $2 Million Private Placement\nPR Newswire\nTARRYTOWN, N.Y., May 17, 2017\n\n\n\nTARRYTOWN, N.Y., May 17, 2017 /PRNewswire/ -- alpha-En Corporation (OTC: ALPE), an innovative clean technology company focused on enabling next-generation battery technologies by producing high purity lithium metal and associated products, announced today the completion of a private placement of approximately $1.8 million in convertible preferred shares and warrants to purchase common shares.  \n\n\"We are grateful to the far-sighted investors who have joined this round, allowing us to raise more capital in this placement than we had originally targeted,\" said alpha-En Founder and Executive Chairman Jerome Feldman. \"Bringing a revolutionary new technology to market for an industry as big as today's energy storage industry means a fairly constant or even escalating expense level, even before the product is generally available.  In this case, we believe the new power of lithium metal batteries will be very convincing to the international energy storage companies, and we are pleased to be enlarging our list of informed and enthusiastic investors.\"\n\nTerms of the private placement can be found on a Form 8-K to be filed with the Securities and Exchange Commission on May 17, 2017.\n\nAbout alpha-En Corporation  alpha-En Corporation (OTC ALPE) is an innovative clean technology company focused on enabling next generation battery technologies by developing and bringing to market high purity lithium metal and associated products produced in an environmentally sustainable manner.  For more information, please visit http://alpha-encorp.com. \n\nCorporate ContactThomas Suppanz, Managing Director/Finance [email protected]  914 418 2000\n\nMike [email protected] 212 691 8087\n\nSafe HarborExcept for the historical information herein, the matters discussed in this news releas...