| Home : March 2011 : March 21, 2011 News : Triangle Petroleum Announces Exercise of Over-Allotment Option by Underwriters |
Triangle Petroleum Announces Exercise of Over-Allotment Option by Underwriters |
March 21, 2011
DENVER, COLORADO--(Marketwire - March 21, 2011) - Triangle Petroleum Corporation ("Triangle" or the "Company") (TSX VENTURE:TPO) (NYSE Amex:TPLM) announced today that the underwriters of its recent public offering of 16,500,000 shares of common stock have fully exercised their over-allotment option on March 18, 2011 to purchase an additional 2,475,000 shares of common stock, bringing the total net proceeds to approximately $134.3 million, after payment of underwriting discounts and commissions and estimated offering expenses. The closing of the over-allotment option is expected to occur today.
http://www.marketwire.com/mw/release.do?id=1415054&sourceType=3
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