Intrepid Closes $7.6 M Bond Financing Transaction

Idaho Falls, Idaho [] Intrepid Technology and Resources, Inc. (IESV) closed on a $7.64 million tax-exempt bond-financing package to expand and complete construction of their two biogas plants in southern Idaho. Completion of the financing will now allow Intrepid to rapidly accomplish the expansion of the Whitesides biogas facility and finish the Westpoint biogas plant. Revenues from the two plants, including digested fiber sales, carbon emission credits, and green gas sales could put Intrepid on a positive cash flow course by the end of 2007 without additional plants.

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