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April 08, 2008 | Jim Lane | Comments 0

D1 Oils to raise $60 million from existing shareholders, building warchest as Euro biodiesel revenues fall

In England, D1 Oils launched a shareholder rights offering with a goal of raising up to $60 million from existing shareholders, who would buy discounted additional stakes in the company. D1 said that talks are “advanced” with a number of key shareholders regarding the planned investments.

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