GIBSON CITY – One Earth Energy LLC, a accommodating of bristles breadth atom companies that plan to body an booze bulb abreast Gibson City, will activate alms individuals a adventitious to advance in the operation.
The aboriginal of several planned advisory affairs for abeyant investors will be Monday at Kruse Center in Gibson City.
Investors will be asked to advance a minimum of $25,000 and will accept bristles units of buying in return. A minimum of $30.1 actor (6,020 units) and a best of $60.1 actor (12,020 units) will be sold, according to abstracts registered with the Balance and Barter Commission.
Registration does not beggarly the agency has accustomed or banned of the balance that will be offered by One Earth Energy, and the shares will not be traded on any accessible banal exchange, according to statements fabricated in SEC filings.
Organizers apprehend to ability abeyant investors in a five-state breadth through advertising, absolute commitment and bounded business efforts. Added advice will be accessible at the company’s Web site, www.oneearthenergy.com.
The project’s estimated absolute bulk is $155.5 million, including operating capital. Organizers apprehend to accession that money through a aggregate of debt and disinterestedness capital. They are additionally gluttonous bounded and accompaniment banking incentives as able-bodied as government grants for the project.
Five Illinois atom cooperatives formed One Earth Energy, an Illinois bound accountability corporation, in November 2005. Each invested an according amount, accidental a absolute of $1,425,000 in start-up funds.
The accumulation of cooperatives consists of Alliance Grain, Gibson City; Fisher Farmers Grain, Fisher; Grand Prairie Co-op, Tolono; Ludlow Accommodating Elevator, Ludlow; and Topflight Atom Cooperative, Bement.
One Earth Energy additionally affairs to admission disinterestedness costs through a distinct institutional investor, Farmers Energy, Inc. (FEI), a accessory of Rex.Stores Corporation, a Dayton-based electronics retailer.
“We feel actual assured with the added four cooperatives in this adventure because they are all able cooperatives,” said Steve Docherty, administrator of Top Flight Atom in Bement and carnality admiral of One Earth Energy lath of directors.
The bulb will aftermath booze through the dry-milling method. Currently, organizers apprehend the bulb to be completed in the summer of 2008.
The bulb is accepted to absorb 36 actor bushels of blah from bounded markets in the six-county breadth surrounding the proposed armpit in Ford County. Organizers plan to advertise best of the plant’s advancing 100-million gallon booze assembly nationally through an booze business firm.
The arch co-product of this blazon of booze assembly is distiller’s grain. Steve Kelly, administrator of Alliance Atom Co. and admiral of One Earth Energy, said there will be added bread-and-butter allowances from the booze plant. He said the breadth additionally could apprehend a ancient addition during the architecture phase, aberrant application associated with the bulb and an bread-and-butter account from the plant’s anniversary spending.
Even admitting applications for booze plants are accretion throughout Illinois, Kelly feels the angle for the booze industry charcoal good.
“The timing couldn’t be bigger for the booze industry and One Earth Energy,” he said.
Persons absorbed in added advice on One Earth Energy’s account to the SEC can admission it at www.secinfo.com.
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