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Consolidated Energy & Technology raises $1 million from convertibles
By Sheri Kasprzak
New York, Feb. 17 - Consolidated Energy & Technology Group, Inc. said it has completed a $1 million private placement of secured convertible debentures.
The terms of the placement could not be determined by press time Friday.
Based in Miami, Consolidated Energy is a holding company that acquires and develops companies that focus on alternative waste management and energy production.
The stock closed down 13.64%, or 30 cents, at $1.90 Friday (Pink Sheets: CGGE).
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