REG-PolyFuel Inc. Final Results - Part 2

Released: 06/05/2009

  
  
Part 2 : For preceding part double click [nRn1F7348R]  
  Cash flows from financing activities                                                                                                         
  Proceeds from issuance of common stock                   45,000                 15,354                 16,772,624              28,331,208    
  Proceeds from issuance of redeemable convertible                                                                                             
  preferred stock, net                                     --                     --                     --                      37,097,656    
  Proceeds from lease line and finance facility            --                     --                     --                      2,545,612     
  Repayment of lease line and finance facility             --                     --                     (500,733)               (2,545,612)   
  Proceeds from issuance of notes payable                                                                                                      
  and bridge loans                                         --                     --                     --                      2,404,185     
                                                                                                                                               
  Net cash provided by financing activities                45,000                 15,354                 16,271,891              67,833,049    
                                                                                                                                               
  Net increase (decrease) in cash and cash                                                                                                     
  equivalents                                              (552,547)              (8,050,824)            1,799,060               6,574,138     
  Cash and cash equivalents at beginning of period         7,126,685              15,177,509             13,378,449              --            
                                                                                                                                               
  Cash and cash equivalents at  end of period              6,574,138              7,126,685              15,177,509              6,574,138     
                                                                                                                                               
  Supplemental disclosure of non-cash investing                                                                                                
  and financing activities                                                                                                                     
  Issuance of common and redeemable convertible                                                                                                
  preferred stock for in-process research and                                                                                                  
  development and notes payable                            --                     --                     --                      4,153,200     
  Issuance of warrants in connection with finance                                                                                              
  facilities and consulting arrangements                   --                     --                     --                      1,006,901     
  Repurchase of common stock for notes receivable          --                     --                     --                      62,631        
  Cancellation of notes receivable                         --                     --                     --                      78,907        
  Conversion of redeemable convertible preferred stock                                                                                         
  upon recapitalisation and admission to AIM               --                     --                     --                      43,380,636    
  Issuance of common stock options in connection                                                                                               
  with AIM Listing                                         --                     --                     --                      242,568       
  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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