 Peoria, AZ, July 01, 2021 GLOBE NEWSWIRE -- Taronis Fuels, Inc. Taronis or the Company OTCQB:TRNF, a global producer of renewable and socially responsible fuel products, today announced a private placement of common stock and the prepayment of all of the Companys outstanding debentures. The Company sold 173,913 shares of common stock to an unaffiliated accredited investor at 5.75 per share, for total proceeds of approximately 1.0 million. The Company used 941,105 of the proceeds to retire all of the outstanding secured convertible debentures issued in August 2020, which debentures carried an 18 interest rate and were potentially convertible into shares of common stock at a significant discount to recent trading prices. 