NIBA Member Firms Syndicate IPO for Methes Energies
November 01 2012 - 9:18AM
Marketwired
An Initial Public Offering for Methes Energies Intl., a recent NIBA
presenter, was completed by NIBA member firms including Paulson
Investment Company, Inc., (NASDAQ: PLCC) and Barrett & Company.
Other NIBA member firms included in the syndicate were J.P. Turner,
ViewTrade Securities, Dawson James, Finance 500, JHS Capital,
Joseph Gunnar, Myers and Associates, and Westpark. Methes has
presented twice at NIBA, once in Boston in August 2011 and most
recently in New York in September 2012.
On October 29, 2012, Methes Energies Intl. (NASDAQ: MEILU)
announced the closing of its initial public offering of 560,000
units of its common stock at a price to the public of $5.00 per
unit, which included one share of common stock, one Class A
redeemable common stock purchase warrant and one Class B redeemable
common stock purchase warrant. The units will trade on the NASDAQ
Capital Market under the symbol "MEILU" until November 26, 2012.
Beginning on November 26, 2012, Methes Energies International's
common stock, Class A warrants and Class B warrants will trade
under the symbols "MEIL," "MEILW" and "MEILZ," respectively. Once
separate trading in the common stock and warrants commences, the
units will cease trading and will be delisted.
The company intends to use the net proceeds of the offering for
the purchase of production and storage equipment and upgrade of
rail tracks at its Sombra facility, for marketing and sales
expenses and working capital required for general corporate
purposes.
About National Investment Banking
Association:
National Investment Banking Association (NIBA) is a national
trade association of regional and independent brokerages,
investment banking firms, and related capital market service
providers. The mission of the National Investment Banking
Association, Inc. (NIBA) is to add value to its members, their
client companies and investors, and the securities industry at
large by continuing to be the premier forum for quality
micro-cap/small capital companies seeking access and exposure to
the financial community and to be the focal point for all those
seeking to enhance the financial environment for small companies.
NIBA Members have raised over $10 Billion in new capital for
emerging growth companies.
About Paulson Capital Corp.:
Paulson Capital Corp. is the parent company of Paulson
Investment Company, Inc., (NASDAQ: PLCC) Headquartered in Portland,
Oregon, Paulson Investment Company, Inc. is a national leader in
public offerings of small and emerging growth companies with
capital needs of $5 million to $45 million. Founded by Chester
"Chet" Paulson in 1970, it has managed or underwritten 170
securities offerings and has generated more than $1.2 billion for
client companies.
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 recently commissioned 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.
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NIBA CONTACT INFORMATION: Emily Foshee Executive Director
Phone: 706-208-9620 Email: Email Contact On Twitter: @NIBAnet
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