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METHES ENERGIES INTERNATIONAL LTD FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

August 28, 2014



Item 8.01 Other Events

On August 28, 2014, Methes Energies International Ltd. ("Methes") issued a press release, announcing that it has: (i) entered into a feedstock credit facility with a major provider of credit to the renewable fuels industry (the "Lender"), that will provide Methes all the feedback that is requested to run at full current capacity and allow Methes to fulfill future orders for biodiesel that it receives from its customers that have been approved by the Lender; and (ii) established a feedstock hedging account with the Lender to protect its margins against market price fluctuations (the "Feedstock Credit Facility").

The Lender is a subsidiary of a Fortune 500 company which trades in a number of commodities and the group has important connections in the biodiesel industry. The Feedstock Credit Facility replaces Methes' preexisting $1.5 million credit facility. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. Exhibit Number Description 99.1 Press release dated August 28, 2014 announcing the Feedstock Credit Facility. * * * * * 2



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Source: Edgar Glimpses


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