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Methes Energies Completes CDN$1.6 Million Debt Refinancing

Methes Energies Completes CDN$1.6 Million Debt Refinancing 
LAS VEGAS, NV -- (Marketwired) -- 07/17/13 --  Methes Energies
International Ltd. (NASDAQ: MEIL), a renewable energy company that
offers an array of products and services to biodiesel fuel producers,
announces that its wholly-owned subsidiary, Methes Energies Canada
Inc., has finalized a CDN$1.6 million debt financing facility through
a local Ontario, Canada lender. Methes Energies will use the proceeds
to pay off its outstanding term loan of CDN$1.5 million which was
entered into in June 2012 (the "June 2012 Loan"). 
The new loan carries an annual interest rate of 12% compared to the
23% interest rate on the June 2012 Loan. The new loan requires
monthly interest-only payments until it matures in July 2014. The
loan is secured by Methes Energies' Sombra, Ontario, real property
and other personal property, excluding its leasehold interest in rail
cars and its inventory, accounts receivable and their proceeds. 
Nicholas Ng, President of Methes Energies said, "We are pleased to
have closed on this new loan allowing us to save thousands of dollars
per month. The savings will allow us to continue to invest in our
growth strategy." 
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. 
This press release contains forward-looking statements regarding
future events and financial performance. In some cases, you can
identify these statements by words such as "may," "might," "will,"
"should," "except," "plan," "intend," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue," the negative of
these terms and other comparable terminology. These statements
involve a number of risks and uncertainties and are based on numerous
assumptions involving judgments with respect to future economic,
competitive and market conditions and future business decisions, all
of which are difficult or impossible to predict accurately and many
of which are beyond the Company's control. There are or may be
important factors that could cause our actual results to materially
differ from our historical results or from any future results
expressed or implied by such forward looking statements. These
factors include, but are not limited to, those discussed under the
section entitled "Risk Factors" in our Annual Report on Form 10-K for
the year ended November 30, 2012, filed on February 25, 2013, as
amended, which is available at the U.S. Securities and Exchange
Commission website at www.sec.gov. The forward-looking statements in
this press release are based upon management's reasonable belief as
of the date hereof. The Company undertakes no obligation to revise or
update publicly any forward-looking statements for any reason.  
Contacts:
Methes Energies International Ltd.
Michel G. Laporte
Chairman and CEO
702-932-9964 
 
 
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