SunSi Energies advised that it has continued moving forward with plans to raise capital in order to fund future company expansions and acquisitions. The past three months have seen the company gather around US$5 million through cash received from equity sales of US$635,000, common stock subscription commitments of US$1,750,000 and the conversion of US$2.7 million in redeemable stock to common equity by its 40% equity partner, Wendeng facility.
David Natan, SunSi's chief executive officer, commented, “We are very pleased with our recent fundraising efforts and the visibility the company is now starting to achieve with our investor relations campaign. These efforts, coupled with our Wendeng equity partners’ decision not to redeem US$2.7 million in SunSi’s common stock, have enabled us to focus exclusively on expanding the Wendeng facility and seeking new acquisitions.”
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