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MEIL > SEC Filings for MEIL > Form 8-K on 26-Dec-2013All Recent SEC Filings




Unregistered Sale of Equity Securities, Financial Statements an

Item 3.02. Unregistered Sales of Equity Securities.

On December 20, 2013 (the "Effective Date"), Methes Energies International Ltd. (the "Company"), in a private placement pursuant to Regulation D of the Securities Act of 1933, as amended (the "Offering"), sold 522,500 restricted Units (each a "Unit") to accredited investors and has received binding commitments for the purchase of the remaining 558,660 Units to be sold in the Offering. On the Effective Date the Company received gross proceeds of $1,045,000 from the aforementioned sale and upon receipt of the proceeds for the remaining Units, the Company would raise maximum gross proceeds of approximately $2,160,000 from the Offering. Each Unit consists of one share of common stock, $.001 par value per share, of the Company ("Common Stock") and one 5-year Common Stock Purchase Warrant to purchase one share of Common Stock at an exercise price of $4.00.

Previously the Company had raised total gross proceeds of $400,000 from the sale of the same securities at the same price. The Company has agreed to register under the Act the resale of the shares of Common Stock included in the units sold and underlying the warrants referred to above.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.          Description

    4.1       Form of Warrant Agreement.


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