07.27.06
Investment in Biodiesel Company
Ardour Capital Investments recently worked with Nova Energy Holding, Inc. to complete the final round of private placement of securities consisting of its common stock and warrants to purchase common stock. The net proceeds from the private placement totaled approximately $18.8 million. Nova intends to use these funds as working capital and for general corporate purposes in the pursuit of its business strategy to build and operate two to four biodiesel refineries with a production capacity of between 120 to 240 million gallons of biodiesel fuel per year. You can read more about Nova by accessing its website: http://www.novaenergyholding.com/
Mike StosserÂ
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