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Slide #72. Lignol Energy Corporation — Territory Biofuels Limited
Lignol Energy Corporation (LEC.CA)
Territory Biofuels Limited
Lignol Energy Corporation (TSXV: LEC) ("LEC" or the "Company") is pleased to announce that it has closed the transaction previously announced to acquire all of the current outstanding and issued ordinary shares of Territory Biofuels Limited ("TBF"), increasing its ownership of TBF from 55% to 100%. TBF owns the largest biodiesel plant in Australia with an annual capacity of 140 million litres with plans to re-start operations in the latter half of 2014.
Lignol Energy is a development stage company. Co. is engaged in the development and commercialization of its proprietary biorefinery technologies for the production of fuel-grade ethanol and other biochemicals from nonfood cellulosic biomass feedstocks including HP-L lignin. Co.'s biorefinery technology provides the potential benefits of utilizing readily available, low-cost feedstocks obtained from forest products and agricultural residues, to produce ethanol and create biochemical co-products with the potential to displace a range of chemicals and materials which are derived from fossil fuels.
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