Raven Biofuels International Corp. (RVBF.OB) Announces $10 Million Equity Funding Commitment
Raven Biofuels International Corporation recently announced that it has secured an equity funding commitment totaling $10 million from Blackhawk Investments Ltd. and Clean Energy Holding Corp. Blackhawk Investments Ltd. entered into a private placement of up to 8 million units for aggregate gross proceeds of up to $8 million on June 30. Clean Energy Holding Corp. entered into a private placement for up to 2 million units for aggregate proceeds of up to $2 million. Each unit is equivalent of one share of common stock and a one-share purchase warrant, which is exercisable for two years from closing at $1.50…