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BX - Biox News Story

C$1.24 0.0  0.0%

Last Trade - 26/09/17

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £46.6m
Position in Universe th / 2711

BRIEF-Biox acquires 50 million litre biodiesel facility

Fri 17th June, 2016 11:00am
June 17 (Reuters) - Biox Corp  
    * Deal for us$4.5 million 
    * Purchase price and capital upgrades will be funded through 
a combination of cash on hand and are in discussions for a c$1.8 
million mortgage 
    * Sombra facility has not achieved nameplate capacity due to 
working capital and market challenges, and is currently not in 
production 
    * Biox corp says company will expend an additional c$5 
million over next 12 months on upgrades to facility 
    * Biox announces acquisition of 50 million litre biodiesel 
facility 
 
Source text for Eikon:  ID:nCNWbq1k5a  
Further company coverage:  BX.TO  
 
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