Deals

MagneGas Corp. Raises $2.1M in Conv Preferred Deal at 33% via Alpha Capital Anstalt

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MagneGas Corporation (MNGA) announced that it has raised $2,100,500 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $1.45 per share, an approximate 32.56% discount to the market price ($2.15) of MNGA at deal announcement. A series of 1,724,138 66-Month Warrants with an exercise price of $2.15 per share was issued to the investor in this transaction. Northland Securities acted as the exclusive agent on the transaction. The investor was Alpha Capital Anstalt. Placement Agent counsel was Faegre Baker Daniels, issuer counsel was Szaferman Lakind Blumstein & Blader, and investor counsel was Ellenoff Grossman & Schole.

Deals

MagneGas Corp. Raises $2.9M in RDO at 33% Discount from Alpha Capital Anstalt

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MagneGas Corporation (MNGA) announced that it has raised $2,900,000 in a Registered Direct transaction. The common stock was sold at $1.45 per share, an approximate 33% discount to the market price ($2.15) of MNGA at deal announcement. Northland Securities acted as the exclusive agent on the transaction. The investor was Alpha Capital Anstalt. Placement Agent counsel was Faegre Baker Daniels, issuer counsel was Szaferman Lakind Blumstein & Blader, and investor counsel was Ellenoff Grossman & Schole. The transaction is expected to close on March 28, 2014.

Deals

Double Eagle Petroleum Raises $4.8M at 5% Premium via Petrie Partners

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Double Eagle Petroleum Company (DBLE) announced that it has raised $4,825,410 in a Common Stock transaction. The common stock was sold at $2.39 per share, an approximate 5% premium to the market price ($2.27) of DBLE at deal announcement. Petrie Partners, LLC acted as the exclusive agent on the transaction. The transaction closed on March 25, 2014. via PlacementTracker.

Deals

Cortex Pharmaceuticals Raises $1.5M in Conv Preferred Deal at 91% Discount

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Cortex Pharmaceuticals, Inc. (CORX) announced that it has raised $1,500,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $0.0033 per share, an approximate 90.83% discount to the market price ($0.04) of CORX at deal announcement. The Investors include officers of the Company and members of the board of directors. Issuer counsel was Drinker Biddle & Reath, LLP. The transaction closed on March 18, 2014.