Methes Energies Completes a $2.1 Million Private Placement
30 Dezembro 2013 - 12:00PM
Marketwired
Methes Energies Completes a $2.1 Million Private Placement
LAS VEGAS, NV--(Marketwired - Dec 30, 2013) - Methes Energies
International Ltd. (NASDAQ: MEIL), a renewable energy company that
offers an array of products and services to biodiesel fuel
producers, today announced that on December 26, 2013, it completed
a $2.1 million private placement pursuant to Regulation D of the
Securities Act of 1933, as amended. In the offering, Methes sold
1.1 million units to select institutional and accredited investors,
each unit consisting of one share of common stock and one warrant.
Each warrant is exercisable to purchase one share of common stock
at $4.00 and expires five years from the date of issuance. Net
proceeds from the offering were approximately $1.7 million, after
deducting offering expenses and placement agent fees.
ViewTrade Securities, acted as lead
placement agent and Newbridge Securities Inc. acted as co-placement
agents.
Michel G. Laporte, Chairman &
CEO of Methes Energies International Ltd., said, "We are pleased to
have finalized this private placement with ViewTrade. Our
relationship with ViewTrade began when they acted as
co-underwriters in our IPO and have been a good team to work with.
This financing allows us to expand our production at Sombra by
adding some equipment that will help us save money and be more
efficient as well as strengthen our balance sheet. We are now in a
better position to execute our plan which is to go to maximum
production at Sombra by the end of the first quarter."
About Methes Energies International Ltd.
Methes Energies International Ltd. is a renewable energy company
that offers a variety of products and services to biodiesel fuel
producers. Methes also offers biodiesel processors that are unique,
truly compact, fully automated state-of-the-art and continuous flow
that can run on a wide variety of feedstocks. Methes markets and
sells biodiesel fuel produced at its showcase production facility
in Mississauga, Ontario, Canada and at its 13 MGY facility in
Sombra, Ontario, to customers in the U.S. and Canada, as well as
providing multiple biodiesel fuel solutions to its
clientele. Among its services are selling commodities to its
network of biodiesel producers, selling their biodiesel production
and providing clients with proprietary software to operate and
control their processors. Methes also remotely monitors the
quality and characteristics of its clients' production, upgrades
and repairs their processors and advises clients on adjusting their
processes to use varying feedstock to improve the quality of their
biodiesel. For more information, please visit www.methes.com.
About ViewTrade Securities:
ViewTrade Securities was founded in
1998 with the vision of creating a smoother, faster and more
efficient straight through trading process (STP). Today we are a
full service firm that offers a wide array of brokerage and trading
services to meet the needs of our domestic and international
clients. ViewTrade's investment banking professionals have decades
of experience in corporate finance and focus on servicing companies
that are in the small to mid-cap markets in the US and Global
Emerging Markets sectors.
About Newbridge
Newbridge Financial, Inc. ("NFI") is the parent/holding company
for NSC and NFSG. NSC is a FINRA member broker-dealer that engages
in full service securities brokerage, investment banking and
advisory services with a broad based group of individuals and
institutional customer. NFSG is an SEC Registered Investment
Advisor offering a broad spectrum of financial services including
financial, insurance, retirement, estate and tax planning for our
individual and corporate clients. For more information on
Newbridge, please visit our public web-site at
www.newbridgefinancial.com or www.newbridgesecurities.com
This press release contains forward-looking statements
regarding future events and financial performance. In some cases,
you can identify these statements by words such as "may," "might,"
"will," "should," "except," "plan," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," or "continue," the
negative of these terms and other comparable terminology. These
statements involve a number of risks and uncertainties and are
based on numerous assumptions involving judgments with respect to
future economic, competitive and market conditions and future
business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond the Company's
control. There are or may be important factors that could cause our
actual results to materially differ from our historical results or
from any future results expressed or implied by such forward
looking statements. These factors include, but are not limited to,
those discussed under the section entitled "Risk Factors" in our
Annual Report on Form 10-K for the year ended November 30,
2012, filed on February 25, 2013, as amended, which is available at
the U.S. Securities and Exchange Commission website at
www.sec.gov. The forward-looking statements in this
press release are based upon management's reasonable belief as of
the date hereof. The Company undertakes no obligation to revise or
update publicly any forward-looking statements for any
reason.
Contacts: Methes Energies International Ltd. Michel G. Laporte
Chairman and CEO 702-932-9964
Methes Energies (PK) (USOTC:MEIL)
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