New Issue: International Fuel sells $1.05 million of shares in private placement

By Devika Patel

Knoxville, Tenn., March 4 - International Fuel Technology, Inc. completed a $1.05 million private placement of stock on March 3, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 4.21 million restricted common shares.

The investors also received options to purchase an additional 2,105,000 restricted common shares. The options are exercisable at $0.25, vest immediately and expire on March 3, 2014.

Based in St. Louis, International Fuel is focused on an additive technology intended to enhance the combustion efficiency of liquid hydrocarbon fuels.

Issuer:	International Fuel Technology, Inc.
Issue:	Restricted common stock
Amount:	$1,052,500
Shares:	4.21 million
Options:	For 2,105,000 shares
Option expiration:	March 3, 2014
Option strike price:	$0.25
Settlement date:	March 3
Stock symbol:	OTCBB: IFUE
Stock price:	$0.27 at close March 3
Market capitalization:	$27 million

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