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N.D. (NewsDakota.com) –  North Dakota Soybean Processors (NDSP), LLC has announced that it had initiated a 0 million non-brokered private placement offering of units of the company.

The company reports that each unit will cost $10,000 with a minimum of a $40,000 investment (4 units) and in increments of $10,000 thereafter. NDSP has made a minimum of 9,000 units and a maximum of 12,000 units available with the anticipated close of the subscription period on August 31st, 2017.

“NDSP intends to use the net proceeds of the Offering to pay for a portion of the construction and start-up costs of a 125,000 bushel per day soybean crush and refinery facility to be located near Spiritwood, North Dakota,” the company states in a release.

The announced refinery will cost $240 million to build, which would then produce soybean meal, refined, bleached and deodorized soybean oil and biodiesel fuel.

Several meetings have been planned for “accredited investors” including one at the NDFU Offices in Jamestown on June 21st, Delta Hotels by Marriot Fargo June 21st, and  Great River Energy in Bismarck June 26th.

For more information, contact Brandy Johnson at 701-368-3131.