Comstock investee Bioleum acquires Hexas Biomass for $6.5M

Comstock Inc.

Bioleum Corp. (Comstock investee) acquired Hexas Biomass for ~$6.5M.
Consideration: 146,637 Bioleum shares ($3.5M), $0.5M cash over 5 years, $2.5M convertible debt.
Hexas develops high-yield energy crops (25-30 dry metric tons/acre), 4-7x traditional forestry.
Deal enables >100 barrels biofuel per acre/year vs 2 (soy) and 10 (corn) for soy/corn.

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