Investment: Woodland Biofuels is raising $1.5M in convertible debentures on SVX, part of a total raise of $6M (the remaining $4.5M of which has already been committed by other investors, including $2.9M from NRCan’s Clean Growth Program).
Use of Proceeds: This financing is expected to enable the first commercial plant, unlocking rapid commercialization, and resulting in powerful environmental, economic and social benefits to Canadians. Woodland’s waste-to-ethanol technology has already been proven at its demonstration plant in Sarnia, ON and the financing for construction of its first commercial plant has been largely arranged. The purpose of this $6M is financing is to allow Woodland to complete the third and final stage of engineering prior to commencing full construction of the commercial plant, located in Ontario. With the commercial plant financing largely arranged subject to completion of the final stage of engineering, the current financing is an essential catalyst to unlock rapid growth.
Investment Structure: Woodland’s offering is structured as convertible debentures. This provides the security of debt while retaining the upside of equity. The debentures will mature in five (5) years if not converted earlier. For information around the conversion price, please download the Term Sheet available to registered SVX accredited investors.
Investor Eligibility: This investment is only available to accredited investors.
Please note that this is not a complete investment summary. Investors should read all associated documentation including the investor package and associated securities agreements before considering or making any investment. Please contact us via email at email@example.com or fill in the Ask a Question box for more information.