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Argonaut Biofuels, LLC Smither & Company Capital Markets provided strategic financial advisory and investment banking services to Argonaut Biofuels in connection with the acquisition of ChipCo of Virginia, Inc. and the placement of $8,500,000 of senior bank financing and $4,000,000 of equity capital from a U.K. based strategic partner to fund the construction of a new wood pellet manufacturing facility in Louisa County, Virginia. Argonaut Biofuels’ premium wood pellets will be marketed to residential and commercial customers that operate wood pellet stoves or boilers for alternative energy production as well as for use as a premium animal bedding alternative for animal stables or cages.
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