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Provider: Reuters Investment Profile
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$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Lignol Energy Corp completes acquisition of 100% of Territory Biofuels Limited


Tuesday, 4 Feb 2014 06:00am EST 

Lignol Energy Corp:Says that it has closed the transaction previously announced to acquire all of the current outstanding and issued ordinary shares of Territory Biofuels Limited.Says increasing its ownership of TBF from 55% to 100%. TBF owns the largest biodiesel plant in Australia with an annual capacity of 140 million litres with plans to re-start operations in the latter half of 2014.Says as of the closing of the transaction, the total number of LEC issued and outstanding shares is 164,019,087 (227,992,425 on a fully diluted basis) and TBF is now a wholly owned subsidiary of LEC. 

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7 Jul 2014