Axial Vector Engine (OTCBB: AXVC) Receives New Financing
Axial Vector Engine Corp recently announced that it was closing its private placement after receiving $2.7M from its investors at $2.00 per share. Dr. Raymond Brouzes, President and CEO of Axial Vector stated, "We are extremely pleased by the support of our shareholders who provided this very favorable financing to the company. Our development and patenting program continues full speed ahead. We will be premiering our new low cost Power Generating Technologies at the 'World Power Generation Show ' November 28 -30 in Orlando Florida." This announcement followed on the heels of their recent patent filing for their broad intellectual…