Targeted Strategies for Today's Evolving Markets

MissionIR Blog

Methes Energies International Ltd. (MEIL) Announces Pricing of Public Offering of Common Stock

Today Methes Energies International announced the pricing of its previously announced underwritten public offering. The company is offering to the investor community 2.5 million registered shares of common stock, par value $0.001 per share, at a price of $2.00 per share. In tandem with the public offering, Methes Energies International has also given the underwriter a 30-day option for purchasing up to 375,000 additional shares of common stock should any overallotments need coverage. National Securities Corporation, wholly owned subsidiary of National Holdings, Inc., is serving as sole book-running manager for the public offering.

Net proceeds will be used for necessary prep work for increasing the production capacity and other features at Methes Energies International’s Sombra plant, as well as for working capital and general corporate purposes. The public offering is slated to close on Tuesday, May 27, 2014 subject to satisfaction or waiver of usual closing conditions.

A final prospectus supplement with details of the offering’s terms will be filed with the SEC. Copies of the prospectus supplement and the accompanying base prospectus may be obtained, when available, by contacting National Securities Corporation at the following address:

410 Park Ave, 14th Floor
New York, NY 10022
Attn: Kim Addarich
Telephone: (212)-417-8164
Email: [email protected]

For more information about Methes Energies International, please visit: www.methes.com

Let us hear your thoughts:

This entry was posted in Methes Energies International MEIL. Bookmark the permalink.

Comments are closed.