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Article: Bankers Petroleum raises CDN$12 million from EBRD warrant proceeds.
- Article from:
- PR Newswire
- Article date:
- July 23, 2009
CopyrightCOPYRIGHT 2009 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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2009 SECOND QUARTER FINANCIAL RESULTS AVAILABLE ON AUGUST 14
CALGARY, July 23 /PRNewswire-FirstCall/ -- Bankers Petroleum Ltd. ("Bankers") (TSX: BNK, AIM: BNK) is pleased to announce that the European Bank for Reconstruction and Development ("EBRD") has exercised its entire warrant holdings of 8.0 million warrants, issued on May 8, 2009 and priced at CDN$1.50/share, generating proceeds of CDN$12.0 million. The warrants were granted to EBRD along with a similar amount to the International Finance Corporation (that were previously exercised on July 10th), as part of the previously announced US$110 million credit facility. Application has been made to admit the 8.0 ...