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Article: Bankers Petroleum Announces Closing of Private Placement.
- Article from:
- PR Newswire
- Article date:
- November 15, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abby Badwi Appointed to Board of Directors
CALGARY, Nov. 15 /PRNewswire-FirstCall/ -- Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to announce that its previously announced private placement has closed and Abdel F. (Abby) Badwi has been appointed to the Board of Directors of Bankers.
The Company issued an aggregate of 4.4 million units of the Company, at a price of $0.50 per unit, each unit comprising one common share of the Company and one non-transferable share purchase warrant. Each warrant is exercisable to acquire one additional common share of the Company, at a price of $1.00 for a period of three years. The securities are subject to a ...