Thursday, July 01, 2010 6:57:49 PM
"May 21, 2010 - 12:19 PM EDT
JBI, Inc. Completes Private Placement
May 21, 2010 (GlobeNewswire) --
NIAGARA FALLS, Ontario, May 21, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII) has completed a private placement. A total of 488,779 shares were sold at $4.00 per share allowing the Company to raise a total of $1,955,116.
JBI CEO John Bordynuik commented, "The money raised in this placement will allow JBI to run all continuing operations and support development of our Plastic2Oil rollout."
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