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Published on 12/22/2005 in the Prospect News PIPE Daily.

New Issue: O2Diesel completes €3 million private placement of stock

By Sheri Kasprzak

New York, Dec. 22 - O2Diesel Corp. said it has wrapped a private placement for €3 million.

The company issued 6,419,840 shares at €0.4673 each to Abengoa Bioenergy R&D, Inc.

The offering brings Abengoa's holdings in O2Diesel to 13.8%.

Based in Newark, Del., O2Diesel develops cleaner-burning diesel fuel alternatives.

Issuer:O2Diesel Corp.
Issue:Stock
Amount:€3million
Shares:6,419,840
Price:€0.4673
Warrants:No
Investor:Abengoa Bioenergy R&D, Inc.
Settlement date:Dec. 16
Stock price:$0.40 at close Dec. 16

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