Alliance Bioenergy seeking $10 million to buy INEOS Bio plant

In Florida, Alliance Bioenergy announced its filing of a Regulation D (506(c)) offering with the U.S. Securities and Exchange Commission (SEC). The purpose of the filing is to secure funds through accredited investors for the purchase of the INEOS bioethanol plant in Southeast Florida that would enable the Company to increase production capacity and profitability of its sustainable, environmentally friendly alternative to petroleum-based fuels and other products through its patented Cellulose to Sugar (CTS) conversion process.

Bio-Products’ 506c offering will allow the company to sell 1,000,000 shares of its securities to accredited investors. The Company will offer 8% Convertible Preferred Stock at $10 per share, with a preferred minimum investment of $5,000. The offering will be conducted on a best efforts basis through the Company’s website, where the Private Placement Memorandum and Accredited Investor Questionnaire are located.