SulphCo Announces 13.33M Unit Offering of Common Stock

SulphCo, Inc. SUF announced today that it has executed Subscription Agreements on February 1, 2011 for the sale of 13,333,334 equity units at $0.15 per unit in a registered direct offering to two institutional investors resulting in gross proceeds of approximately $2 million. After fees and expenses, net proceeds to the Company will be approximately $1.9 million.