Lignol Announces Private Placement



    VANCOUVER, Feb. 12 /CNW/ - Lignol Energy Corporation (TSX-V: LEC)
("Lignol" or "the Company"), a leading technology company in the cellulosic
ethanol and biorefining sector, today announced that it has entered into a
definitive agreement with respect to a non-brokered private placement for
2,451,482 of its common shares to be completed in two separate closings. The
shares are being sold at a price of $0.41 per share for aggregate gross
proceeds to the Company of $1,005,107.62. The first closing of the private
placement has been completed (as to 403,597 shares for proceeds of
$165,474.77) and the second closing is expected to take place on or about
April 1, 2009 (as to 2,047,885 common shares for proceeds of $839,632.85).
    The proceeds of the offering will be used by Lignol for general corporate
purposes. The shares issued under the first closing are subject to a four
month hold period expiring on June 12, 2009 under applicable securities laws.
Similarly, the shares issued under the second closing will also be subject to
a four month hold period under applicable securities laws.

    About Lignol

    Lignol (TSX-V: LEC) is a Canadian company undertaking the development of
biorefining technologies for the production of fuel-grade ethanol and other
biochemical co-products from non-food cellulosic biomass feedstocks. Lignol's
modified solvent-based pre-treatment technology facilitates the rapid,
high-yield conversion of cellulose to ethanol and the production of
value-added biochemical co-products, including HP-L(TM) Lignin. Lignol is
executing on its development plan through strategic partnerships to further
develop and integrate the core technologies on a commercial scale. Lignol also
intends to invest in, or otherwise obtain, equity interests in energy related
projects which have synergies with its biorefining technology. For more
information about Lignol, please visit our website at www.lignol.ca.

    
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    

    Caution concerning forward-looking statements:

    Certain statements contained in this document may constitute
forward-looking information within the meaning of applicable securities laws.
Often, but not always, forward-looking statements or information can be
identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes" or variations
of such words and phrases or words and phrases that state or indicate that
certain actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved. Such statements or information reflect
Lignol's current views with respect to future events and are subject to
certain risks, uncertainties and assumptions, including, without limitation,
our ability to finance the development of the commercial demonstration plant,
our ability to develop our products, our ability to obtain requisite
regulatory approvals and our ability to enter into agreements with strategic
partners on terms acceptable to us. Forward-looking statements and information
are necessarily based upon a number of estimates and assumptions that, while
considered reasonable by management, are inherently subject to significant
business, economic and competitive uncertainties and contingencies. Many
factors could cause Lignol's actual results, performance or achievements to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements or information,
including among other things, the complexity of the development of the
commercial demonstration plant, market conditions which will effect our
ability to finance our operations, risks relating to the protection of
Lignol's core technology from infringement and those risk factors which are
discussed elsewhere in documents that Lignol files from time to time with
securities regulatory authorities. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements or information prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
believed, estimated or expected. Except as required by law, the Company
expressly disclaims any intention or obligation to update or revise any
forward looking statements and information whether as a result of new
information, future events or otherwise. All written and oral forward-looking
statements and information attributable to us or persons acting on our behalf
are expressly qualified in their entirety by the foregoing cautionary
statements.
    This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities, in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of such jurisdiction. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold within the United States
unless an exemption from such registration is available.

    %SEDAR: 00004360E




For further information:

For further information: Paul Hughes, Vice President Corporate
Development & Communications, Tel: (604) 453-1246, Email: phughes@lignol.ca,
Email: info@lignol.ca; Bruce Wigle, Investor Relations, The Equicom Group,
Tel: (416) 815-0700, 1-800-385-5451 ext. 228, Email:bwigle@equicomgroup.com

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