By Sheri Kasprzak
New York, Dec. 6 - Energenx, Inc. said it received an agreement for a $1.5 million private placement.
Marvin Redenius, a member of the company's board of directors, agreed to buy 3 million shares at $0.50 each.
The company received $100,000 in proceeds from the offering so far.
Redenius held 4.8 million shares or 18% of the company before the private placement.
Based in Post Falls, Idaho, Energenx develops energy-generation and battery-charging technologies.
| Isuser: | Energenx, Inc.
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| Issue: | Stock
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| Amount: | $1.5 million
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| Shares: | 3 million
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| Price: | $0.50
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| Warrants: | No
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| Investor: | Marvin Redenius
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| Settlement date: | Nov. 28
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