Ecology Coatings Announces Additional Financing
October 6, 2009
AUBURN HILLS, MI – Ecology Coatings Inc. has entered into a new financing agreement with Stromback Acquisition Corp. Stromback Acquisition Corp. has purchased 240 shares of the company's Series B Convertible Preferred Stock at a purchase price of $1,000 per share for a total of $240,000. Details of the Securities Purchase Agreement can be found in the company's Form 8-K filed with the Securities and Exchange Commission.
The company also announced that in conjunction with the new financing, former Chairman Richard Stromback has resigned his directorship from the company's Board.