Evogy plans $5 million private placement

By Sheri Kasprzak

New York, July 26 - Evogy, Inc. said it intends to raise $5 million in a private placement.

The terms of the deal have not been determined. The offering is being conducted through Armada Mercantile Ltd., which owns 34% of Evogy's outstanding stock.

Redrock Trading Partners is the placement agent for the offering.

Vancouver, B.C.-based Evogy develops low-emission and fuel flexible generation systems using solid oxide fuel cell technologies.

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