| Home : September 2011 : September 17, 2011 News : Galleon Energy Inc. Announces Closing of Private Placement and Proposed Name Change of Corporation |
Galleon Energy Inc. Announces Closing of Private Placement and Proposed Name Change of Corporation |
September 17, 2011
CALGARY, ALBERTA--(Marketwire - Sept. 16, 2011) - Galleon Energy Inc. (TSX:GO) ("Galleon" or the "Corporation") is pleased to announce the closing of the previously announced private placement of an aggregate of 2.3 million units ("Units") at $2.81per Unit. Each Unit consisted of one Class A Share for the Corporation and one share purchase warrant ("Warrant"). Each Warrant will entitle the holder to acquire one Class A Share of the Corporation at an exercise price of $3.10 for a period of three years. The Warrants are not exercisable until the 20 day volume weighted average trading price of the Class A Shares exceeds $5.00 per share.
http://www.marketwire.com/mw/release.do?id=1562282&sourceType=3
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