 name: sunny 2007/8/17(금) | |
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SulphCo Announces the Filing of a Shelf Registration Statement to Sell Up to $150 Million of Common Shares and Warrants Upon being declared effective by the SEC, the registration statement will allow the Company to offer and sell, from time to time, in one or more offerings, shares of its common stock and warrants, for proceeds in the aggregate amount of up to $150 million. The terms of any such future offering will be established at the time of the offering. "The filing of this shelf registration statement represents the logical continuation of the steps new management has taken and will continue to take to position the Company for future success", said Dr. Larry Ryan, SulphCo's CEO. He added that "ready access to capital will become increasingly important as we move toward commercial validation of our technology." These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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