The recently concluded second round raised $1.64m, according to the company. 2020 Energy LLC was the lead second round investor and now owns 29.5% of New Generation Biofuels’ outstanding common stock.
``We are very pleased to have completed a second successful closing of our private placement in less than a month, and we believe it demonstrates our ability to attract investors during these challenging economic conditions,’’ says Cary Claiborne, chief executive of New Generation Biofuels.
The
