XXX is raising $38.9 MM for fixed assets, working capital and start-up capital for a 250HA (640-acre) algae farm and oil/meal production facility. XXX is in discussion with banks and several state and federal loan guarantee programs that could allow the Company to finance up to $26.5 million of the overall construction costs with bank debt, leaving a need for $12.3 million in equity financing. At scale, this facility will generate $19.5 million in annual revenue and $10.6 Million in EBITDA and include a staff of thirty-nine.