"As a result of the transactions and agreements the Company entered into on July 2, 2010, and the various Company strategies under review,
the Board of Governors of the Company determined to suspend approvals of any transfers of units, effective July 2, 2010,
provided that related-party transfers without consideration will still be considered.
Please see "SEC filings" link below for more information on the July 2, 2010 transactions and agreements."
Heron Lake Unit Bulletin Board
This bulletin board allows you to post your interest in buying or selling units of Heron Lake, L.L.C. (“Heron Lake”).
Information posted on the bulletin board will help you identify persons who have an interest in selling units of Heron Lake that you want to buy, or in buying units you may be willing to sell.
Here are the steps required for interested parties to sell or buy units of Heron Lake:
- If an interested buyer is not a current member, the interested buyer must review the Articles of Organization, and Member Control Agreement for Heron Lake. Click here to view copies of the Heron Lake governing documents. Heron Lake BioEnergy files documents with the Securities and Exchange Commission. Click here for SEC Beneficial Ownership Report (Section 16 Filings), and All Other SEC Filings.
- The buyer and seller agree on the terms of the transaction - the number of units involved and the price.
- The buyer and seller complete and sign a Unit Transfer Agreement and Application Form. Click here to obtain a copy of the Unit Transfer Agreement and Application Form .
- The seller completes and signs the “Assignment” section on the back of the unit certificate(s).
- The seller sends the completed certificate(s) and the fully-executed Unit Transfer Agreement and Application to Heron Lake.
- If the buyer is not a current member, the Unit Transfer Agreement and Application and completed certificate(s) must be accompanied by an Additional Member Signature Page form completed and signed by the buyer on all transfers of units. Click here to obtain a copy of the Additional Member Signature Page form and Instructions.
- Heron Lake’s Board of Governors approves or disapproves the transfer in accordance with and subject to the Heron Lake Member Control Agreement.
- Heron Lake notifies the seller and buyer of the approval decision.
- Seller and buyer close on the sale (i.e., buyer pays seller for the units) and notify Heron Lake of the closing.
- Heron Lake issues a new certificate (more than one, if the seller is retaining some of the units represented by the old certificate). New certificates are mailed to the appropriate parties.
Heron Lake is acting as transfer agent and can be contacted at:
Heron Lake BioEnergy, LLC
91246 390th Avenue
Heron Lake, MN 56137
(507) 793-0077
Thank you for your interest in Heron Lake.
Please click here if you understand:
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