Methes Energies International Ltd. (NasdaqCM:MEIL) announced a private placement on February 11, 2013. The company will issue common shares and options, warrants or other right to acquire another security to the investors. The minimum investment accepted from any outside investor is $12,500. The securities will be issued pursuant to Regulation D. Paulson Investment Company, Inc., Barrett and Company, ViewTrade Securities Inc. will serve as placement agents in the transaction.

On February 19, 2013, Methes Energies International Ltd closed the transaction. The company issued 425,000 units at $4 per unit for gross proceeds of $1,700,000 to 29 accredited investors. Each unit consists of one common share and one redeemable class A warrant and one redeemable class B warrant. Each class A warrant and class B warrant is exercisable at $7.50 per share and $10 per share respectively until October 12, 2017. Net proceeds from the issuance are $1,500,000 after deducting offering expenses and placement agent fees. Paulson Investment Company, Inc acted as lead placement agent to the company and Finance 500 Inc also acted as a co-placement agent. The total sales commission was $204,000.