Monday, November 20, 2017 10:35:31 PM
<<Alliance BioEnergy Plus, Inc. subsidiary seeks to raise $10 million to secure and renovate closed Florida biofuel facility for enhanced production of environmentally friendly fuels and products
WEST PALM BEACH, Fla., March 23, 2017 /PRNewswire/ -- Alliance Bio-Products, Inc. (Bio-Products), a subsidiary of Alliance BioEnergy Plus, Inc. (OTCQB:ALLM), today 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 a 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.>>
https://www.prnewswire.com/news-releases/alliance-bio-products-inc-announces-filing-of-506c-to-raise-funds-for-new-cellulosic-ethanol-production-plant-300428402.html
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