Struggling power company Leo Motors Inc. (OTC: LEOM) has raised working capital funds by issuing three convertible promissory notes.

Hanam City, South Korea-based Leo Motors researches and develops electric power generation, drive train and storage-technology products. The company's products include E-Box, an electric energy storage system for solar- and wind-power generation devices, and parts that integrate electric batteries with electric motors. The company is registered in Nevada, and is marketing the E-Box in the U.S. and Japan.

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