American Biofuels Inc.

Recent News

  • American Biofuels Inc. Announces an Update to its Annual Filings

    Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - American Biofuels Inc. (TSXV: ABS.H) (the "Company") announces that it will be relying on the coordinated relief provided by the securities regulators which consists of a 45-day extension for certain periodic filings, as announced by the Canadian Securities Administrators ("CSA") on March 18, 2020, with respect to the filing of its annual financial statements, management's discussion and analysis, and related officer certificates for its financial year ended April 30, 2020.The notice...

    2020-08-27 1:33 PM ET
  • American Biofuels Inc. Announces Proposed Reverse Takeover By Paragon Processing, LLC and Arrangement of Financing for up to $20 Million

    Vancouver, British Columbia--(Newsfile Corp. - July 30, 2019) - American Biofuels Inc. (TSXV: ABS.H) ("ABS" or the "Company") and Paragon Processing, LLC ("Paragon"), a Colorado limited liability company engaged in the business of manufacturing and distributing industrial hemp products (the "Paragon Business"), announces that ABS and Paragon have entered into a business combination agreement (the "Combination Agreement"), which contemplates a reverse takeover of ABS by the members of Paragon (the "Proposed Transaction"). As presently contemplated, the Proposed Transaction will...

    2019-07-30 8:00 AM ET
  • American Biofuels Announces Appointment of Interim CEO, President, and Additional Director

    Vancouver, British Columbia--(Newsfile Corp. - March 20, 2019) - American Biofuels Inc. (TSXV: ABS.H) (the "Company")  announces that Keturah Nathe has been appointed to the Board of Directors, effective March 20, 2019. Ms. Nathe has also been appointed Interim CEO and President of the Company, taking the place of Ron Hughes, who will remain a director of the Company. The Company sincerely thanks Mr. Hughes for his 18 years of service as President and CEO of the Company....

    2019-03-20 7:25 PM ET
  • American Biofuels Announces Appointment of Additional Director

    Vancouver, British Columbia--(Newsfile Corp. - November 1, 2018) -  American Biofuels Inc. (the "Company") (TSXV: ABS.H) announces that Stephen Watts has been appointed to the Board of Directors, effective October 31, 2018. Mr. Watts is a Chartered Accountant with over 30 years of accounting experience in advising businesses of all sizes on corporate finance, general business advisory and taxation matters. His expertise is spread across a diverse range of industries, and he has significant exposure to businesses in South...

    2018-11-01 4:59 PM ET
  • American Biofuels Announces Change of Directors

    Vancouver, British Columbia--(Newsfile Corp. - October 25, 2018) - American Biofuels Inc. (TSXV: ABS.H) (the "Company") announces that Christopher Cherry has been appointed to the Board of Directors, effective October 25, 2018, taking the place of Huitt Tracey who has resigned. The Officers and Board of Directors of the Company are now comprised as follows:Ron Hughes: CEO, President and DirectorTeresa Cherry: CFO and SecretaryRichard Barnett: DirectorJurgen Wolf: DirectorChristopher Cherry: DirectorON BEHALF OF THE BOARDSIGNED: "Teresa Cherry"Teresa Cherry,...

    2018-10-25 3:22 PM ET
  • American Biofuels is Unaware of Any Material Changes

    Vancouver, British Columbia--(Newsfile Corp. - October 18, 2018) - American Biofuels Inc. (TSXV: ABS.H) (the "Company"), at the request of IIROC wishes to confirm that management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.American Biofuels is currently an oil and gas issuer, and as disclosed in its News Release dated October 9, 2018, is looking for new business opportunities.On behalf of the Board of DirectorsSIGNED: "Teresa Cherry"Teresa...

    2018-10-18 12:56 PM ET
  • American Biofuels Closes Equity Financing for Gross Proceeds of $1,450,000 and Settles Outstanding Debt by Cash Payments and Share Issuance

    Vancouver, British Columbia--(Newsfile Corp. - October 9, 2018) - American Biofuels Inc. (TSXV: ABS.H) announces that it has closed its private placement ("Financing") and shares for debt ("Debt") transactions announced in a News Release dated September 12, 2018. On October 5, 2018 the Company received acceptance from the NEX Board of the TSX Venture Exchange to close the Financing and Debt Transactions.In accordance with the provisions of the Financing Subscription Agreements, on October 9, 2018, the Company issued a...

    2018-10-09 5:14 PM ET
  • American Biofuels Announces Equity Financing up to $1,450,000 and $210,000 Debt Settlement

    Vancouver, British Columbia--(Newsfile Corp. - September 12, 2018) - American Biofuels Inc. (TSXV: ABS.H) announces that it has negotiated, subject to acceptance by the TSX Venture Exchange ("TSX-V"), a private placement for gross proceeds of up to $1,450,000 (the "Financing"). Upon receipt of acceptance from the TSX-V to the Financing, the Company will issue up to 5,800,000 common shares (the "Shares") at a price of $0.25 per Share. Proceeds raised from the financing will be used toward general...

    2018-09-12 7:34 PM ET