Plastic2Oil Inc (PTOI)

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In May, 2010, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of up to 1,000,000 shares of common stock, $0.001 par value per share at per share price of $4.00. The net proceeds received by the Company were in the amount of $1,955,116, for the sale of 488,779 shares.