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Article: Process Equipment, Inc. Completes $1.3 Million Financing.
- Article from:
- PR Newswire
- Article date:
- April 23, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Process Equipment Inc. (BULLETIN BOARD: PEQM) is pleased to announce that it has closed on a financing for approximately $1.3 million. Westminster Securities Corporation acted as Placement Agent for the financing, which was offered to a limited number of accredited investors. The Stock Purchase Agreement in connection with the financing was entered into on April 21, 2004.
Norbert Sporns, Chief Executive Officer of Process Equipment, Inc., said, "We are very pleased by this financing. It provides Process Equipment with capital to fuel its continued growth and acquisition strategy, particularly as we enter our high season."
Investors in the offering ...