The managers of Stover Ventures, LLC have decided to extend the private offering of membership units from September 30, 2018 to January 31, 2019. This will allow the company additional time to secure the remaining funding necessary to complete the project, as well as accommodate farmers that have experienced a delayed harvest.
Deposits will remain in the escrow account held at First Citizens National Bank.
Please reach out to Spencer Stensrude at 641-494-2368 with any additional questions.
Stover Ventures, LLC will make presentations to investors across North Iowa and Southern Minnesota starting on June 12, 2018. The company will raise $20MM to $25MM to build a first-of-its-kind facility to process corn stover into natural antioxidants.
These meetings will provide the most recent update on development of the project, a summary of the business model, and offering documents for investors to consider.
Stover Ventures, LLC intends to build a new specialty chemical industry around this technology which will add immense value to rural economies and farmers throughout the corn belt.
Stover Ventures has selected Osage, IA as the first location for a new stover processing facility. The location is in the heart of corn and cattle production making it the ideal place for the first facility.