Hydrogen Engine Center, Inc. (OTCPK:HYEG) announced that it has entered into a common stock purchase agreement for a private placement of 1,153,846 shares at $0.26 per share for gross proceeds of $300,000 and 1,679,421 shares at $0.25 per share for gross proceeds of $419,855.25 with Tina Systems S.L. on December 13, 2016. The company will issue 1679421 shares for gross proceeds of $419,855.25 on or before February 28, 2017.

On same day, the company has issued 1,153,846 shares for gross proceeds of $300,000.