New York, NY -- (ReleaseWire) -- 04/05/2013 --Echo Automotive, Inc. (OTC:ECAU), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, is very pleased to announce the completion of a private placement offering of one million shares to provide working capital for the Company.
The Company had authorized the sale and issuance of up to 1,000,000 units of Company securities to qualified investors in a private placement for the purpose of raising working capital for the Company.
This offering consisted of shares of Company's common stock at $0.50 per share and warrants exercisable to purchase one share of common stock at an exercise price per share of $0.75 for each common stock purchased. The offering was completed and fully subscribed.
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HRT PARTICIPACOES EM (Pink:HRTPY) traded at $ 1.12 in the last session, which is +0.10 (9.56%). The stock has a Range of 1.02 - 1.20. The stock has a 52 week low and high of 0.86 - 3.45 respectively. The stock has a Market Cap of 131.38M. The stock traded a volume of 1.03M. The stock has a 30 day average volume of 581,553.00.
HRT Participações em Petróleo S.A., through its subsidiaries, engages in the exploration, development, production, distribution, and sale of oil and natural gas. It is also involved in the import, export, refining, sale, and distribution of oil, natural gas, fuel, and oil by-products; and generation, sale, and distribution of electric power.
Read the trend analysis report to find out what could be next for HRTPY here: http://www.wallstreetscoop.net/market-scan/?symbol=HRTPY
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