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O2Diesel Signs Pact To Sell $10M Shrs To Fusion Capital FundLast update: 2/20/2007 11:32:37 AMDOW JONES NEWSWIRES O2Diesel Corp. (OTD) signed an agreement to sell $10 million of its shares to Fusion Capital Fund II LLC, a Chicago-based institutional investor. O2Diesel, Newark, Del., said Tuesday it plans to use proceeds to develop more markets for its proprietary fuel and for the testing and launch of a 28% renewable fuel. O2Diesel has the right to sell shares in amounts between $100,000 and $1 million. Fusion Capital isn't obligated to complete transaction
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