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Stock Market & Financial Investment News

News Breaks
December 9, 2013
09:09 EDTMEILMethes Energies signs LOI to acquire assets of OTC Energy Technologies
Methes Energies announced that it has signed a Letter of Intent to acquire the assets of OTC Energy Technologies, including all of OTC's technologies and knowhow relating to the conversion of several types of biomass into a chemical quality syngas which can be converted into renewable alcohols such as ethanol and methanol, renewable hydrocarbons such as jet fuel and gasoline. The assets also include an existing pipeline of potential clients that Methes intends to "quickly pursue." The terms of the transaction were not provided and are subject to a non-disclosure agreement until such time as a definitive agreement is signed. The transaction is subject to customary due diligence by the company which has already retained an Engineer to assist with the process.
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April 15, 2014
15:08 EDTMEILMethes Energies files $8.42M mixed securities shelf
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