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Canary Biofuels Inc. Establishes Platform as a Leading Alberta Based Second-Generation Biodiesel Production Company – Advanced BioFuels USA

Completion of a $16.5 million non-brokered private placement equity financing (the “
Financing“);
Acquisition“), which owns a biodiesel facility in Alberta (the “
Biodiesel Facility“); and
CWB“) providing for a credit facility with $7 million of borrowing capacity.
With completion of the Transactions, Canary will leverage the best of Western Canadian expertise in both agriculture and energy to create an industry leading biodiesel production company. Canary will use proceeds from the Financing to convert the Biodiesel Facility (the “
Conversion“), such that phase 1 of the facility will have capacity to produce 75 million litres of second-generation biodiesel using agricultural waste feedstock. By using waste products, Canary will provide additional sources of revenue to local western Canadian agricultural producers, with the added benefit of producing a high demand energy product that will reduce carbon emissions at scale. Canary intend ....

United States , George Wadsworth , Canadian Western Bank , Stikeman Elliott , Invigor Bioenergy Corporation The Acquisition , Canary Biofuels Inc , Canary Biofuels , Invigor Bioenergy Corporation , Western Canadian , Biodiesel Facility , ஒன்றுபட்டது மாநிலங்களில் , ஜார்ஜ் வாட்ஸ்‌வர்த் , கனடியன் மேற்கு வங்கி , கேனரி உயிரி எரிபொருள்கள் இன்க் , கேனரி உயிரி எரிபொருள்கள் , மேற்கு கனடியன் , பயோடீசல் வசதி ,

Canary Biofuels Inc. Establishes Platform as a Leading Alberta Based Second-Generation Biodiesel Production Company

Transactions ):
Financing );
Acquisition ), which owns a biodiesel facility in Alberta (the
Biodiesel Facility ); and
CWB ) providing for a credit facility with $7 million of borrowing capacity.
With completion of the Transactions, Canary will leverage the best of Western Canadian expertise in both agriculture and energy to create an industry leading biodiesel production company. Canary will use proceeds from the Financing to convert the Biodiesel Facility (the
Conversion ), such that phase 1 of the facility will have capacity to produce 75 million litres of second-generation biodiesel using agricultural waste feedstock. By using waste products, Canary will provide additional sources of revenue to local western Canadian agricultural producers, with the added benefit of producing a high demand energy product that will reduce carbon emissions at scale. Canary intends to have the Biodiesel Facility producing at full capacity by year end. ....

United States , George Wadsworth , Canadian Western Bank , Stikeman Elliott , Invigor Bioenergy Corporation The Acquisition , Canary Biofuels Inc , Invigor Bioenergy Corporation , Western Canadian , Biodiesel Facility , Although Canary , ஒன்றுபட்டது மாநிலங்களில் , ஜார்ஜ் வாட்ஸ்‌வர்த் , கனடியன் மேற்கு வங்கி , கேனரி உயிரி எரிபொருள்கள் இன்க் , மேற்கு கனடியன் , பயோடீசல் வசதி ,