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