Biomass Secure Power Inc. is an innovative company dedicated to the supply and production of high quality enviromentally sustainable torrified wood biomass pellets for general use as a substitute for fossil fuels which will then be sold to power producers.
Plant to have a total capacity of 1 million tonnes per year output with annual revenue of approximately $200,000,000
Phase #1 to produce 240k tonnes with annual revenue of approximately $48,000,000.
Phase #2 construction will continue without interruption to produce 600,000 tonne per year.
Phase #3 is expected to continue after phase two to bring production capabilities to one million tonne per year.
**** Construction for phase # 1 expected to start early 2nd Quarter 2018!!!
CAD "fly by" video of plant to be constructed
All Company Filings are at: http://www.sedar.com/search/search_form_pc_en.htm (BMSPF is current as of Feb 1, 2018)
Search Company for newest filing: http://www.sedar.com/search/search_form_pc_en.htm
Shares Outstanding: 650,159,975 a/o December 31, 2017 (Insiders hold over 80% of the shares outstanding!!)
Float: 57,634,283 a/o Mar 01, 2011
Authorized Shares: Unlimited a/o Mar 01, 2009
Shareholders of Record 597 a/o Dec 15, 2010
Contact info: email@example.com
Telephone: 604 807 4957
Stock Info: http://www.otcmarkets.com/stock/BMSPF/quote
*Note: BMSPF is current on ALL it's filings with the BC Securities Commission (BCSC). BMSPF files in British Columbia and NOT in the US. ALL filings can be viewed on SEDAR.COM ( See link in Ibox )
Filing in the US with WWW.OTCmarkets.com is NOT required by the company and is an unnecessary expense to do so.
BMSPF Filed in the US for the year ending June, 30 2016.
An extra expense NOT required to be current.
BMSPF is making ALL Material information publicly available through the BCSC at SEDAR.COM
BIOMASS SECURE POWER INC. ENTERS INTO A LICENSING AGREEMENT http://www.einnews.com/pr_news/442239712/biomass-secure-power-inc-enters-into-a-licensing-agreement
BSP SECURES FIBRE SUPPLY FOR PHASE 1.
ONLINE RADIO INTERVIW WITH JIM CARROLL, CEO OF BMSPF.
BIOMASS SECURE POWER SELECTS EPC CONTRACTOR FOR PHASE 1 !!
UPDATE ON BOND FINANCING !!
FINANCING OF PHASE 1 !!
BONDS APPROVED!! (Official Government Document)
|1. 12/28/2016 |
| ||PUBLIC NOTICE - - - LOUISIANA PUBLIC FACILITIES AUTHORITY The following resolution was offered by Trustee Benoit and seconded by Trustee Cheramie: RESOLUTION A resolution authorizing the Chairman or Vice Chairman and the Secretary-Treasurer or an Assistant Secretary of the Board of Trustees of the Louisiana Public Facilities Authority to execute a preliminary agreement between the Louisiana Public Facilities Authority and Biomass Power Louisiana L.L.C.; authorizing the issuance of revenue bonds, on a taxable or tax-exempt basis, to finance certain solid waste disposal facilities; authorizing and approving the form of and publication of a Notice of Intention to Sell Bonds; and providing for other matters in connection with the foregoing. WHEREAS, the Louisiana Public Facilities Authority (the "Authority") is a public trust and public corporation of the State of Louisiana (the "State") created and existing pursuant to the provisions of Chapter 2-A of Title 9 of the Louisiana Revised Statutes of 1950, as amended (the "Act"); and WHEREAS, the Authority is authorized and empowered by the Act to issue its revenue bonds and use the funds derived from the sale thereof for the purpose of acquiring, constructing, purchasing, equipping, maintaining, installing, leasing, subleasing, holding, extending, enlarging, remodeling, storing, operating, repairing and administering liquid and solid waste disposal, collection, treatment and drainage facilities and services, antipollution and air, water, ground and subsurface pollution abatement and control facilities and activities, gas, electric, petroleum, coal and other energy collection, recovery, generation, storage, transportation and distribution facilities, and industrial, manufacturing, and other economic development facilities and activities; and WHEREAS, Biomass Power Louisiana L.L.C., a Louisiana limited liability company which is wholly owned by Biomass Secure Power Inc., its successors and assigns, and/or a "related person" as defined in Section 147 of the Internal Revenue Code of 1986, as amended (the "Company"), proposes to borrow up to $60,000,000 through the issuance of Louisiana Public Facilities Authority Revenue Bonds (Biomass Power Louisiana L.L.C. Project) in one or more series (the "Bonds") for the purpose of financing a portion of the costs of constructing, installing, acquiring and equipping certain solid waste disposal facilities consisting of a production plant which processes wood waste to manufacture a sustainable alternate fuel (the "Project") located in Campti, Natchitoches Parish, Louisiana, funding a reserve fund as necessary, paying capitalized interest, and paying costs of issuance of the Bonds, if the Authority will utilize the aforesaid authority in the manner hereinafter provided; and WHEREAS, prior to the issuance of the Bonds, the Company intends to expend its own funds to pay a portion of the costs of the Project and reasonably expects to reimburse said expenditures from the proceeds of the Bonds in an amount not exceeding $1,000,000 and the Authority acknowledges that the Company intends to reimburse itself from the proceeds of the Bonds for expenditures for the Project paid 60 days prior to the date hereof until delivery of the Bonds; and WHEREAS, all requirements of the State Bond Commission in accordance with its rules, including but not limited to notice to local legislators have been complied with; and WHEREAS, the Bonds will be sold by negotiated sale to Bank of America Merrill Lynch (the "Underwriter"), pursuant to the terms of a bond purchase agreement, or in the alternative, all or any portion of the Bonds may be sold to an institutional investor pursuant to a private placement agreement and/or investment letter; and WHEREAS, it is now the desire of this Board of Trustees to approve the issuance of the Bonds and to authorize the publication of a Notice of Intention to Sell Bonds with respect to the Bonds; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Louisiana Public Facilities Authority that: SECTION 1. Pursuant to the authority of the Act, the Project described and defined in the preliminary agreement attached hereto as Exhibit A (the "Preliminary Agreement") is approved, as is the financing thereof by the Authority through the issuance of the Bonds, such Bonds to be issued in one or more series in an aggregate principal amount of not exceeding $60,000,000. SECTION 2. The Bonds will be issued in one or more series on a taxable or tax-exempt basis, as fixed rate or variable rate bonds bearing interest at rates not to exceed 10% per annum (except that any variable rate bonds may bear interest at rates not to exceed 12% and shall be subject to recapture), may be issued as current interest bonds, and shall mature not later than 30 years from the date thereof. The Bonds are not general obligations of the Authority (which has no taxing power and receives no funds from any governmental body), but they are limited and special revenue obligations of the Authority payable from the income, revenues and receipts derived or to be derived from payments made pursuant to the Loan Agreement and a mortgage on the Project, and any other security designated in a subsequent resolution of the Authority. SECTION 3. The Bonds, together with any other authorized but unissued bonds approved by the Authority for construction of the Project, shall be given the designation "Series 2017," with an appropriate letter designation, or such other designation as shall be approved by the Authority. SECTION 4. The Chairman or Vice Chairman and the Secretary-Treasurer or an Assistant Secretary of this Board of Trustees be and they are hereby authorized, empowered, and directed to execute, for and on behalf of the Authority, the Preliminary Agreement between the Authority and the Company authorizing the issuance of the Bonds for the purposes described herein, said Preliminary Agreement to be substantially in the form and to contain substantially the terms and conditions set forth in the Preliminary Agreement attached to this resolution and marked Exhibit A for identification herewith. SECTION 5. The officers of this Board of Trustees are authorized and empowered to take any and all further action and to sign any and all documents, instruments and writings as may be necessary to carry out the purposes of this resolution and to file, on behalf of the Authority, with any governmental board or entity having jurisdiction over the Project, such applications or requests for approval thereof as may be required by law. SECTION 6. The Project described herein, for which the Bonds are authorized to be issued, is hereby deemed and declared to be an industrial, manufacturing or other economic development project within the meaning of Section 9:2347(H) of the Act. The facilities and activities are recognized as providing jobs, payroll and/or other economic benefits desirable to improve the quality of life in Louisiana. SECTION 7. The Authority hereby approves the Notice of Intention to Sell Bonds for the Bonds in substantially the form presented at this meeting with such additions, insertions, completion and/or corrections as may be approved by bond counsel to the Authority and authorizes its publication in the manner required by law. SECTION 8. Application be and the same is hereby made to the State Bond Commission, Baton Rouge, Louisiana, for approval of the issuance and sale of the Bonds. SECTION 9. The Bonds may be sold and purchased pursuant to the terms of a bond purchase agreement or contract of purchase to be entered into by and among the Underwriter, the Company and the Authority. The sale of all or a portion of the Bonds to an Underwriter at a price of not less than 90% of the principal amount thereof (inclusive of underwriter's discount in an amount not exceeding 3% of the principal amount thereof) is hereby approved, and in the alternative, the sale of all or any portion of the Bonds to an institutional investor pursuant to a private placement agreement and/or investment letter or loan agreement at a price of 100% of the principal amount thereof is hereby approved. SECTION 10. This Board of Trustees finds and determines that a real necessity exists for the employment of special counsel in connection with the issuance of the Bonds, and accordingly, Foley & Judell, L.L.P., of New Orleans, Louisiana, as Bond Counsel, is hereby employed to do and perform work of a traditional legal nature as bond counsel with respect to the issuance and sale of said Bonds. Said Bond Counsel shall prepare and submit to the Authority for adoption all of the proceedings incidental to the authorization, issuance, sale and delivery of such Bonds, shall counsel and advise this Board of Trustees as to the issuance and sale thereof and shall furnish its opinions covering the legality of the issuance of the Bonds. The fee of Bond Counsel for each series of bonds shall be fixed at a sum not exceeding the fee allowed by the Attorney General's fee guidelines for such bond counsel work in connection with the issuance of such series of revenue bonds and based on the amount of said Bonds actually issued, sold, delivered and paid for, plus "out-of-pocket" expenses, said fees to be contingent upon the issuance, sale and delivery of said bonds. The Assistant Secretary of the Authority is hereby authorized and directed to execute, and this Authority hereby agrees to and accepts the terms of, the engagement letter of Bond Counsel appended hereto. A certified copy of this resolution shall be submitted to the Attorney General of the State of Louisiana for his written approval of said employment and of the fees herein designated, and the Secretary of this Board of Trustees is hereby empowered and directed to provide for payment of the work herein specified upon completion thereof and under the conditions herein enumerated. SECTION 11. It is recognized by the parties hereto that a real necessity exists for the employment of special counsel to the Authority in connection with the issuance of the Bonds and, accordingly, the appointment of Jacob S. Capraro, Esq. as special counsel to the Authority to furnish his opinion with respect to such legal matters relating to the Authority as may be required by the purchaser of the Bonds is hereby approved. The fee to be paid special counsel shall be an amount computed on an hourly rate not exceeding the amount provided by the guidelines for such services as approved by the Attorney General, together with reimbursement of out-of-pocket expenses incurred and advanced in connection with the issuance of the Bonds, shall be payable out of administrative fees established and charged by the Authority for costs related to the issuance of the Bonds, subject to the Attorney General's written approval of said employment. SECTION 12. By virtue of applicant/issuer's application for, acceptance and utilization of the benefits of the Louisiana State Bond Commission's approval(s) resolved and set forth herein, it resolves that it understands and agrees that such approval(s) are expressly conditioned upon, and it further resolves that it understands, agrees and binds itself, its successors and assigns to, full and continuing compliance with the "State Bond Commission Policy on Approval of Proposed Use of Swaps, or other forms of Derivative Products Hedges, Etc.", adopted by the Commission on July 20, 2006, as to the borrowing(s) and other matter(s) subject to the approval(s), including subsequent application and approval under said Policy of the implementation or use of any swap(s) or other product(s) or enhancement(s) covered thereby. SECTION 13. This resolution is a declaration of official intent of the Authority to issue revenue bonds as contemplat¬ed in the Preliminary Agreement in accordance with the laws of the State of Louisiana and an affirmation of the Company's declaration of intent in accordance with United States Treasury Regulations, Section 1.150-2. SECTION 14. That this Resolution does hereby incorporate by reference as though fully set out herein the provisions and requirements of the Act. SECTION 15. That this resolution and the Notice of Intention to Sell Bonds shall be published one (1) time in the official journal of the Authority and in a financial journal or newspaper containing a section devoted to municipal bond news published in either New Orleans, Louisiana, or New York, New York, and, as provided by the Act, for a period of thirty (30) days from the date of publication of the Notice of Intention to Sell Bonds, any person or persons in interest shall have the right to contest the legality of the Notice of Intention to Sell Bonds, this resolution or other proceedings authorizing the issuance of the Bonds and the legality of the Bonds for any cause, after which time no one shall have any cause or right of action to contest the legality of this resolution or other proceedings or of the Bonds authorized thereby for any cause whatsoever. SECTION 16. That this resolution shall become effective immediately. Member Yea: Dale A. Benoit, Guy Campbell, III, Craig Cheramie, Camille A. Cutrone, Peter Egan Nay: None Absent: Hon "Eric" Liew Abstaining: None This resolution declared adopted on this 6th day of December, 2016. * * * * * * * * * * (EXHIBIT A TO THIS RESOLUTION [PRELIMINARY AGREEMENT] HAS NOT BEEN PUBLISHED. SAID EXHIBIT IS ON FILE FOR PUBLIC INSPECTION AT THE OFFICE OF THE LOUISIANA PUBLIC FACILITIES AUTHORITY, 2237 SOUTH ACADIAN THRUWAY, SUITE 650, BATON ROUGE, LOUISIANA, MONDAY THROUGH FRIDAY DURING NORMAL BUSINESS HOURS) 136909-dec 28-1t |
BMSPF IN THE PRESS:
Financial Metrics of Torrefied Wood as a Coal Substitute
Biomass Power Louisiana signs engagement letter for pellet plant
Jim Carroll, President / CEO
Prior to becoming an officer of the Company Mr Carroll was a self employed businessman since 1992. He has owned a mortgage brokering company and was involved in the building of town homes. From 1972 to 1992 he was involved in the banking industry.
Andrew Burns, VP Engineering
Mr. Burns has been an engineer since 1979 specializing in certain types of burner technology such as Immersion Burners with Ceramic Tubes, Small Bore High Velocity Immersion Burners, Submerged Combustion Equipment, Strip Line Galvanizing and Solution tanks, Low Nox Radiant tube technology. Mr Burns has been responsible for projects in North and South America, Japan, Korea, Bahrain, Iran, Poland, Russia, Thailand, China and Mexico. He has had many papers published in various periodicals and books. He has presented technical papers at various meetings of AGA, ONGA, CIM, NARA, AFRC, AISE, Wire Association, CSCE, Hamilton and District Energy Forum and has attended seminars and exhibitions involving the Wire Industry, Non Ferrous Melting Industry, Gas Associations in the USA, Canada and Europe.
George Pappas, VP / Secretary
Mr. Pappas is a businessman who resides in the state of California. He is Vice-President and Chief Operating Officer of All Trades Fabrication since 1986. He was previously the General Manager of Reynolds aluminum Los angeles office for 12 years. All Trades Fabrication is a fabricator and erector of structural and ornamental steel. They build building, bridges or any other project requiring steel erecting. Present and past clients include Boeing, JPL, Raytheon, Natural Resources Defense Council, Disney and the University of Southern California. Mr. Pappas has worked on two co-generation projects in the past.
Our Current Business:
On May 4, 2016 the Company signed an updated Memorandum of Understanding with River Basin Energy (“RBE”) to move forward with a merger of the two companies and their subsidiary companies. The new entity will retain the name Biomass Secure Power. The merger will create a Company that is in a much stronger position to move forward and be a world leader in the supply of a low cost higher energy wood pellet. The merger of the two companies will result in the shareholders of BSP owning 51% of the outstanding shares and RBE shareholders owning 49% of outstanding shares. The Company is currently considering doing a roll back of existing shares 15-1 to obtain a listing on a major stock exchange.
The merger will strengthen our management team with the addition of Dr Andy Piers who will become the CEO. Dr Piers is an Executive Director at executive board level in Global public companies, with an in depth knowledge of Chemicals, Forest Products, Renewable Energy & Clean Technology, expertise in creating and executing corporate development strategies and a track record of delivering outstanding results for world leading organisations. Dr Piers was on the Board of Management at Clariant the world’s second largest chemical producer.
Maarten van Rossum will be our Chief Commercial Officer he has proven entrepreneurial, managerial, negotiation, deal making, technical and analytical skills and comfortable working in dynamic environments and leading teams with great adaptability to culture and status of the economy. Maarten has extensive experience in Merger and Acquisition and fund raising.
Jim Carroll will continue in his role as President, Andy Burns Chief Operating Officer, George Pappas Secretary and Susan Bubra CFO. Susan is a senior accounting and financial management executive with experience in finance and operations management. Susan demonstrates ability to streamline business operations that drive growth and increases efficiency and bottom line profit. She possesses solid leadership and communication skills with excellent interpersonal skills
The Company has engaged Bank of America Merrill Lynch to assist with the funding of a tax exempt bond in the amount of $42 million to complete phase one of the bio-coal plant at Natchitoches Louisiana. Phase one will see the construction of 200,000 tonne/yr bio-coal manufacturing facility that will be selling its product to a European end user under an off-take agreement for 160,000 tonne/yr for a minimum period of 20 years.
*****Update 1: Off-take agreement is in place for 200,000 tonne/yr for a minimum of 20 years.*****
*****Update 2: MOU is in place to commence shipping of Biocoal 3rd quarter of 2019 and agrees to ship annual volumes as follows: up to 200,000metric tonnes in 2019, up to 300,000 metric tonnes in 2020, and up to 400,000 metric tonnes in 2021 or as adjusted by further agreement.*****
The Company intends to increase the production capacity at Natchitoches to one million tonnes of bio-coal in three phases. Phase one will be for 200,000 tonne/yr, phase two will be for 300,000 tonne/yr and phase three will be for 500,000 tonne/yr. RBE has a MOU in place that calls for the supply of a minimum of 500,000 tonnes/yr to a maximum of 2,000,000 tonnes/yr of bio-coal contingent on the product being of at least equal quality to product produced at the Wyoming test facility. The Company anticipates that once phase one is completed this MOU will be converted to an 8 year renewable off take agreement and this will enable the Company to commence construction of a second plant at another location.
BMSPF and RBE info:
River Basin Energy and Biomass Secure Power joining forces to ship to the Port of Rotterdam.
RBE / EMO Video: https://vimeo.com/165004670
EPC CONTRACTOR WEBSITE:
Natchitoches Parish Port - Chipping Plant - http://goo.gl/maps/aGj23
Port and area information.
Natchitoches Parish Port Website
Red River Economic Development
L.E.D. Louisiana Economic Development. https://www.opportunitylouisiana.com/
Port of Rotterdam: https://www.portofrotterdam.com/en/cargo-industry/bio-industry
Bio-Coal Plant: https://www.portofrotterdam.com/en/news-and-press-releases/welcome-to-a-new-generation-coal-plants
President / CEO
604 807 4957
BMSPF - Daily Candlesticks