Pacific Ethanol, Inc. Signs Definitive Agreements to Raise $53.5 Million to Purchase 20% Ownership Interest in Plants and Ret

Enters into agreement to raise .0 million through issuance of senior convertible notes

Enters into agreement to sell ownership interest in Front Range Energy, LLC for .5 million

Enters into agreements to purchase 20% ownership interest in plants for .3 million

Intends to retire .0 million in corporate debt, including interest and fees

Expects to increase cash reserves [...] http://bit.ly/auyGG0