SOURCE: National Investment Banking Association
ATHENS, GA--(Marketwire - Nov 1, 2012) - 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.