Consolidated Energy completes term sheet on $1 million convertible offering

By Sheri Kasprzak

New York, Nov. 7 - Consolidated Energy & Technology Group, Inc. said it has entered into a term sheet with a Florida-based investment fund for a $1 million convertible debenture.

The full details of the debenture could not be determined by press time Monday, but the deal is slated to close within the next 30 days.

Based in Miami, Consolidated Energy is a holding company that acquires and develops companies that focus on alternative waste management and energy production.

On Monday, the company's stock remained unchanged at $2.65.

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