Plastic2Oil Inc (PTOI)

[ergo sum]

In April 2011, the Company consummated a confidential private placement for the issuance and sale of 2,010,481 Common stock, at a price of $0.70 per share. The net proceeds received by the Company in the amount of $1,407,337 will be used for working capital management, and development and preparation of the commercial operations of the P2O business.

10ka July.

In June 2011, the Company consummated a confidential private placement with certain accredited investors for the issuance and sale of 8,157,057 shares of common stock. The offering was at $0.70 per share and the Company had subscriptions for these shares which amounted to proceeds of $5,709,940. The Company received $5,688,940 of these proceeds. The balance of $21,000 was not received and resulted in 30,000 shares not being issued. The 8,127,057 common shares were issued July 8, 2011.

10q Nov 11