NathanO schreef:
[quote=Jommeke]
Sec filling :
O2DIESEL ANNOUNCES TIMEFRAME FOR SUBMITTING
STOCKHOLDER PROPOSALS
Newark, DE - O2Diesel Corporation (AMEX: OTD) today announced the timeframe for submitting stockholder proposals in connection with O2Diesel's annual stockholders' meeting.
As previously announced, O2Diesel has entered into an agreement with ProEco Energy Company, Inc. and its shareholders, in which O2Diesel and ProEco plan to build a new fuel-grade ethanol plant with planned capacity of 100 million gallons per year to be built in two 50 million gallon trains. As a condition to the closing, O2Diesel is obligated to secure financing necessary to build the ethanol plant. To finance these construction costs, O2Diesel expects to raise $100 to $140 million in debt and between $60 and $80 million in equity in two tranches in 2007. The equity transaction will require stockholder approval. Currently, the company is negotiating the terms for the debt and equity.
O2Diesel anticipates holding its annual stockholders' meeting no later than September 30, 2007. Previously, O2Diesel disclosed the annual stockholder meeting would be held on June 21, 2007. At this time, O2Diesel is announcing the timeframe for submitting stockholder proposals to be considered for inclusion in the company's proxy statement for the annual meeting. Proxy materials and O2Diesel's 2006 annual report will be mailed to stockholders by the company's transfer agent in accordance with O2Diesel's bylaws and AMEX rules.
phx.corporate-ir.net/preview/phoenix....[/quote]
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