New Issue: Electric Aquagenics secures $3 million from stock placement

By Laura Lutz

Des Moines, Nov. 2 - Electric Aquagenics Unlimited, Inc. negotiated a private placement of stock for $2,999,999.60.

Peter F. Ullrich, a shareholder of the company, agreed to purchase 2,307,692 shares for $1.30 each.

The sale of 1,153,846 of the shares was settled on Oct. 27, and Ullrich will purchase the remaining shares on Jan. 2.

Lindon, Utah-based Electric Aquagenics manufactures water electrolysis equipment.

Issuer:	Electric Aquagenics Unlimited, Inc.
Issue:	Stock
Amount:	$2,999,999.60
Shares:	2,307,692
Price:	$1.30
Warrants:	No
Investor:	Peter F. Ullrich
Settlement date:	Oct. 27 (for 1,153,846 shares); Jan. 2 (for 1,153,846 shares)
Stock symbol:	OTCBB: EAQU
Stock price:	$1.50 at close Oct. 27

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