Methes Energies prices 2.5 million share offering

In Nevada, Methes Energies International announced the pricing of its previously announced underwritten public offering. The Company is offering 2,500,000 registered shares of its common stock, par value $0.001 per share, at a price to the public of $2.00 per share. In connection with the offering, the Company has also granted the underwriter a 30-day option to purchase up to an additional 375,000 shares of common stock from the Company to cover over-allotments, if any.

The Company intends to use the net proceeds of the offering primarily to perform the preparatory work necessary to increase the production capacity and for other improvements at its Sombra plant, and for working capital and general corporate purposes. The offering is expected to settle and close on May 27, 2014, subject to the satisfaction or waiver of customary closing conditions.