Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Lignol Energy completes US$14.4 million private placement

Fasken
Reading Time 1 minute read Subscribe
Client

Lignol Energy

On August 2, 2007, Lignol Energy Corporation announced that it had closed a brokered private placement of 11,500,000 common shares of the Company at a price of $1.25 per share for aggregate gross proceeds to Lignol of $14,375,000. Haywood Securities Inc. acted as agent for the offering. The net proceeds of the offering will be used by Lignol for developing an industrial scale commercial demonstration facility and general corporate purposes. Lignol is a Canadian company undertaking the development of biorefineries for the production of fuel-grade ethanol and other biochemical co-products from cellulosic biomass feedstocks. Lignol was advised in this transaction by Blair Horn and Benjamin Lee of Fasken Martineau.

    Subscribe

    Receive email updates from our team

    Subscribe