Change: offered +76% / raised +76% / placed 100%
Zero Emission Energy Plants (DBA ZEEP) re-opened and closed its unregistered equity offering after increasing the placement’s size from $121,000 to $212,000. The offer closed after the company raised $91,000 from five additional investors within one month. At closing, a total of nine investors had subscribed to Zero Emission Energy Plants’ offering. The company closed fifteen unregistered private placements which raised an estimated $26.87 million.
The company is a producer of chemical grade methanol through the development of methanol projects using mature gas to liquids conversion technology. Its project development pipeline is concentrated on the US Gulf Coast exploiting low natural gas feedstock costs and leveraging leading infrastructure and market access.
The company, headquartered in Austin TX, is led by Ronald E Oligney (CEO). Zero Emission Energy Plants disclosed having revenues on or below $5 million.
The executive team includes Angela L Sandford, Bruce A Bernard and Philip E Lewis. The board of directors includes Bryce C Tingle and Jennifer D Whitley.
The company has raised an estimated total of $27.08 million via private unregistered security offerings.
Company: Zero Emission Energy Plants
Industry: Other Energy
Amount offered: $212,000
Amount placed: $212,000
First sale: 02-18-2014
Data as of: 03-24-2014