Renewable Fuels

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Lignol Energy Corp to acquire 100 pct of Territory Biofuels Limited

Monday, 13 Jan 2014 11:29am EST

Lignol Energy Corp:Says it has agreed to acquire all of the outstanding and issued ordinary shares of Territory Biofuels Limited (TBF) and thereby increase its ownership of TBF from 55 pct to 100 pct.Says TBF owns the biodiesel plant in Australia with an annual capacity of 140 million liters with plans to re-start operations in the second half of 2014.Says its offer to acquire all of the 4,771,367 outstanding ordinary TBF shares owned by other TBF shareholders, in exchange for the issue of 2.5 LEC common shares for each TBF ordinary share, will result in the issue of an additional 11,928,419 common shares of LEC.Says closing of this acquisition is expected to be completed on or before Jan. 31, 2014, at which time TBF will become a wholly owned subsidiary of LEC.

AI Energy PCL announces initial public offering

Thursday, 2 Jan 2014 08:41pm EST

AI Energy PCL:Says to be listed on Market for Alternative Investment (MAI) of The Stock Exchange of Thailand on Jan. 6, with the security symbol "AIE".Says raised its capital by offering 170.00 million new shares through the initial public offering (IPO), at 4.75 per share baht per share.Says subscription period of Dec. 23 to Dec. 24, 2013.

Sino Bioenergy Corp appoints new CEO

Monday, 23 Dec 2013 10:13am EST

Sino Bioenergy Corp:Says it has appointed a new Chief Executive Officer to replace Daniel Mckinney who resigned from his position as Chief Executive Officer, President and Director.Says its Chief Operating Officer, Hoi Ming Chan has been appointed Chief Executive Officer and President of the company.

Cropenergies AG confirms FY 2013/2014 guidance

Friday, 20 Dec 2013 02:55am EST

Cropenergies AG:Says that for the full financial year 2013/14 it continues to expect a growth in revenues between 10 and 20 percent mainly due to the acquisition of Ensus Ltd, UK.Says considering the current price level of bioethanol, it expects an operating profit of 33 to 43 euro (previous year: 87) million for the full financial year 2013/14.

Gevo Inc announces closing of public offering of common stock

Monday, 16 Dec 2013 04:01pm EST

Gevo Inc:Says closing of its previously announced public offering of 18,525,000 common stock units, at a price to the public of $1.35 per unit.Says each common stock unit consists of one share of common stock and a warrant to purchase one share of common stock, which are immediately separable and were issued separately.Says aggregate net proceeds to Gevo from the offering are expected to be about $22.6 mln, after deducting underwriting discounts and commissions and estimated offering costs.Says Certain of Gevo's directors, officers and existing stockholders, including Total Energy Ventures International, Khosla Ventures and affiliates, Virgin Green Fund I, L.P. and Malaysian Life Sciences Capital Fund Ltd., or their respective affiliates, participated in the offering.Says Piper Jaffray & Co. acted as sole manager.

Solazyme Inc announces new president

Thursday, 12 Dec 2013 09:00am EST

Solazyme Inc:Appointments of David C. Cole as Solazyme's president effective Jan. 1, 2014.He has also been elected to Solazyme's board of directors.

Geodynamics Ltd acquires more than 90% of KUTh Energy Limited

Wednesday, 11 Dec 2013 05:35pm EST

Geodynamics Ltd:Says it holds a relevant interest of 90.45% of the issued shares of KUTh Energy Limited, providing Geodynamics with the right to compulsorily acquire all the remaining KUTh shares for which it has not already received acceptances of its takeover offer.Says compulsory acquisition procedure will take about six weeks.Says KUTh Energy Limited will hold the Geodynamics shares for those KUTh shareholders affected by the compulsory acquisition, which are entitled to them.Says KUTh shareholders who have accepted Geodynamics offer will automatically receive the Geodynamics shares which they are entitled to by Jan. 4,2014.

Gevo Inc announces pricing of public offering of common stock and warrants

Wednesday, 11 Dec 2013 09:16am EST

Gevo Inc:Says it has priced its underwritten public offering of common stock units.Says it has agreed to sell 18,525,000 common stock units.Says each common stock unit consists of one share of common stock and a warrant to purchase one share of common stock, at a public offering price of $1.35 per common stock unit.Says Gevo has granted the underwriter a 30-day option to purchase up to an additional 2,778,750 shares of common stock and/or warrants to purchase up to 2,778,750 shares of common stock to cover over-allotments, if any.Says each warrant included in a common stock unit will have an exercise price of $1.85 per share.Says the gross proceeds to Gevo from this offering are expected to be about $25 million, not including any future proceeds from the exercise of the warrants.Says Gevo intends to use the net proceeds from the offering, excluding any future proceeds from the exercise of the warrants, to ramp up startup production and sales at its Luverne, Minn. plant.Says Gevo also intends to use a portion of the net proceeds from the offering to repay $5.1 million in its outstanding long-term debt obligations under its loan agreement.Says may also use a portion of the net proceeds from the offering to fund working capital and for other general corporate purposes, which may include paying down additional long-term debt obligations.Says in connection with the offering, Piper Jaffray & Co. is acting as sole manager.

Geodynamics Ltd declares off-market offer for shares in KUTh Energy Ltd unconditional

Tuesday, 3 Dec 2013 07:02pm EST

Geodynamics Ltd:Refers to the offer made under its off-market takeover bid for all of the shares in KUTh Energy Ltd under Geodynamics' Bidder's Statement dated Oct. 10.Says on Dec. 4, Geodynamics has declared its offers to be unconditional.Says this means that Geodynamics will acquire all of the KUTh shares for which it has received acceptances, and KUTh will become a subsidiary of Geodynamics.

American Jianye Greentech Holdings Ltd enters into agreement to acquire all issued and outstanding stock of Jin Chih International, Ltd-Form 8-K

Monday, 2 Dec 2013 12:23pm EST

American Jianye Greentech Holdings Ltd:Says on Nov. 30, the company entered into an agreement to acquire all of the issued and outstanding stock of Jin Chih International, Ltd., a Taiwan corporation, from its sole owner Chu Li An for five million shares of the company’s common stock.Says Jin Chih is in developing and marketing greentech products such as electric car components and solar system.Says the company intends to utilize the assets of Jin Chih to expand its manufacturing base and increase its retail operations in Taiwan.


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