Raccoon Valley Bio-Diesel equity drive continues

April 6, 2007

The equity drive ran longer than anticipated for Raccoon Valley Bio-Diesel, a proposed 60 MMgy biodiesel plant and crude vegetable oil refinery in Storm Lake, Iowa. The company began its equity drive in December and had not completed it by the beginning of March. The offering was open only to Iowa residents. The company said it can begin construction immediately upon the conclusion of a successful equity drive and closing of debt financing.

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