Midwest Energy Emission hires agent for $6 million private placement

ViewTrade will help sell equity, debt or equity-linked securities

By Devika Patel

Knoxville, Tenn., May 7 - Midwest Energy Emission Corp. engaged ViewTrade Securities Inc. as agent for a $6 million private placement of equity, debt or equity-linked securities on May 1, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The agreement will remain in effect until Nov. 20. The company will pay ViewTrade a non-refundable $35,000 retainer and 13% of the gross proceeds raised in the placement, as well as five-year warrants for 15% of the value of securities sold in the deal.

Based in Worthington, Ohio, Midwest Energy is an environmental services company specializing in mercury emission control technologies, primarily to utility and industrial coal-fired units.

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