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TARONIS FUELS ANNOUNCES KEVIN FOTI CEO, WILBUR ROSS DIRECTOR, AND RECAPITALIZATION


TARONIS FUELS ANNOUNCES KEVIN FOTI CEO, WILBUR ROSS DIRECTOR, AND RECAPITALIZATION
Industry Veteran
Company Closes Private Placement of
Approximately
Legendary Investor and Former Secretary of Commerce Wilbur Ross Joins Board

Peoria, AZ, June 04, 2021 (GLOBE NEWSWIRE) Taronis Fuels, Inc. (“Taronis” or the “Company”) (OTCQB:TRNF), a global producer of renewable and socially responsible fuel products, today announced several important developments, including naming Kevin Foti as CEO, the addition of Wilbur Ross to the Company’s Board of Directors, and the closing of a private placement of approximately $16.5 million of common stock to institutional and accredited investors to permit the Company to reduce debt obligations and pursue several important growth initiatives. The private placement was completed at a fixed price of $3.00 per share of common st ....

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Taronis Fuels Takes Disciplinary Actions Against CFO and Independent Director


Taronis Fuels Takes Disciplinary Actions Against CFO and Independent Director
CFO and Independent Director Resign
PHOENIX, AZ, Dec. 20, 2020 (GLOBE NEWSWIRE)
Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today announced that on the morning of December 18, 2020 Mary Pat Thompson, the Chief Financial Officer of the Company, was suspended indefinitely pending the resolution of a now ongoing investigation into multiple alleged violations of her duties and obligations as an officer and director of the Company. In addition, Tobias Welo, an Independent Director, was provided written notice by the Company of concerns regarding potential breaches of his fiduciary duties. ....

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