| Home : March 2011 : March 03, 2011 News : Shoal Point Closes Additional Financing For $2,386,150 and Provides Update on Offshore Drilling on EL 1070 |
Shoal Point Closes Additional Financing For $2,386,150 and Provides Update on Offshore Drilling on EL 1070 |
March 03, 2011
TORONTO, ONTARIO--(Marketwire - March 3, 2011) - Shoal Point Energy Ltd. ("Shoal Point") (CNSX:SHP) announces that it has closed the second tranche of a financing of common share units for the purpose of continuing exploration on EL 1070, for the acquisition of an interest in EL 1120, as previously announced by press release on February 10, 2011, and for general working capital purposes. The total amount raised from both tranches of this financing is $5,956,150.
http://www.marketwire.com/mw/release.do?id=1405958&sourceType=3
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