Transactions
Aura Renewable Energy Corporation
Series of Financings
Client
Aura Renewable Energy Corporation plans to develop alternative energy facilities that utilize anaerobic digestion and gasification technology to produce renewable natural gas (“biogas”) and/or synthetic gas (“syngas”) from agriculture waste streams. Aura plans to develop its biogas facilities primarily in close geographic proximity to (1) ethanol producers and (2) feedlots and dairy farms (collectively, “Hosts”) and utilize the Hosts’ ethanol by-products or animal waste stream as feedstock to generate biogas. The biogas can be supplied directly back to the Host creating a closed-loop renewable energy system or it can be placed into the natural gas grid for use off-site.
Scenario
Aura was seeking to raise capital to fund operations until its first 3 biogas projects become operational in 2009.
Solution
Gemini Partners completed a series of financings for Aura and continues to serve as the Company’s exclusive advisor and placement agent.