Energtek, Inc. (OTCPK:EGTK) announced that it will receive a round of funding in the beginning of April 2014. The company will issue convertible bonds in the transaction.

In the beginning of April 2014, the company announced that it has received $500,000 in the first round of funding. The round included participation from domestic investors. The second round of funding is expected to close by the end of the second quarter of 2014.