SulphCo(R) Raises Approximately $7.9 Million Funding to Aid Continued Commercial Testing
SPARKS, Nev., March 15 /PRNewswire-FirstCall/ -- SulphCo¢ç, Inc. (Amex: SUF - News) announced today that it has raised approximately $7.9 million through an exercise of outstanding warrants.
Dr. Larry Ryan, CEO of SulphCo¢ç said, "We are pleased that several of our major shareholders have enabled us to strengthen our balance sheet through the exercise of warrants issued in a previous capital raise. This raise should allow us to complete our commercial tests in Austria and Fujairah as well as meet our working capital requirements for the rest of 2007."
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