Methes Energies International Ltd. Prices Its Initial Public Offering

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Methes Energies International Ltd. Prices Its Initial Public Offering

LAS VEGAS--(BUSINESS WIRE)-- Methes Energies International Ltd. (NAS: MEILU) , a renewable energy company that offers an array of products and services to a network of biodiesel fuel producers, today announced the pricing of its initial public offering of 560,000 units at $5.00 per unit. Each unit consists of one share of common stock, one Class A redeemable common stock purchase warrant and one Class B redeemable common stock purchase warrant. The units will trade on the NASDAQ Capital Market under the symbol "MEILU" until November 26, 2012. Beginning on November 26, 2012, the common stock and the warrants included in the units will trade separately. Once separate trading in the common stock and warrants commences, the units will cease trading and will be delisted.

Methes Energies International's common stock, Class A warrants and Class B warrants will trade under the symbols "MEIL," "MEILW" and "MEILZ," respectively.


The company intends to use the net proceeds of the offering for the purchase of production and storage equipment and upgrade of rail tracks at its Sombra facility, for marketing and sales expenses and working capital required for general corporate purposes.

Paulson Investment Company, Inc., wholly owned subsidiary of Paulson Capital Corp. (NAS: PLCC) , and Barrett & Company acted as managers of the underwriting. Paulson has also been granted a 45-day option to purchase up to an additional 84,000 units to cover overallotments.

Copies of the prospectus related to the offering may be obtained by calling the syndicate department of Paulson Investment Company, Inc., at 503-243-6010, or visiting the website at www.paulsoninvestment.com.

This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

About Paulson Capital Corp.:

Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc. Headquartered in Portland, Oregon, Paulson Investment Company, Inc. is a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten 170 securities offerings and has generated more than $1.2 billion for client companies.

About Methes Energies International Ltd.

Methes Energies International Ltd. is a renewable energy company that offers a variety of products and services to biodiesel fuel producers. Methes also offers biodiesel processors that are unique, truly compact, fully automated state-of-the-art and continuous flow that can run on a wide variety of feedstocks. Methes markets and sells biodiesel fuel produced at its showcase production facility in Mississauga, Ontario, Canada and at its recently commissioned 13 MGY facility in Sombra, Ontario, to customers in the U.S. and Canada, as well as providing multiple biodiesel fuel solutions to its clientele. Among its services are selling commodities to its network of biodiesel producers, selling their biodiesel production and providing clients with proprietary software to operate and control their processors. Methes also remotely monitors the quality and characteristics of its clients' production, upgrades and repairs their processors and advises clients on adjusting their processes to use varying feedstock to improve the quality of their biodiesel. For more information, please visit www.methes.com.

This press release contains forward-looking statements regarding future events and financial performance. In some cases, you can identify these statements by words such as "may," "might," "will," "should," "except," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of these terms and other comparable terminology. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. There are or may be important factors that could cause our actual results to materially differ from our historical results or from any future results expressed or implied by such forward looking statements. These factors include, but are not limited to, those discussed under the section entitled "Risk Factors" in our Registration Statement on Form S-1, filed June 22, 2012, as amended, which is available at the U.S. Securities and Exchange Commission website atwww.sec.gov. The forward-looking statements in this press release are based upon management's reasonable belief as of the date hereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.



Methes Energies International Ltd.
Michel G. Laporte, Chairman and CEO
702-932-9964
or
Porter, LeVay & Rose, Inc.
Michael Porter, President
212-564-4700

KEYWORDS:   United States  North America  Canada  Nevada  Oregon

INDUSTRY KEYWORDS:

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