|
|
Article: Second Wave Petroleum Completes $20 Million Recapitalization Plan and Announces New Members of Management Team
- Article from:
- CCNMatthews Newswire
- Article date:
- January 18, 2008
CopyrightCopyright 2008 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
CALGARY, ALBERTA--(Marketwire - Jan. 18, 2008) - Second Wave
Petroleum Ltd. ("Second Wave" or the "Company") (TSX VENTURE:SCS.A)
(TSX VENTURE:SCS.B) is pleased to announce that it has completed its
recently announced private placement to new members of management.
Together with the recent exercise of all of the Share Purchase
Warrants held by Brookfield Bridge Lending Fund Inc. (the "Fund")
and the conversion of the Fund's Senior Secured Convertible
Debenture, the Company has completed the final steps in its
recapitalization plan through which it has raised approximately
$19.7 million since the beginning of September, 2007. Funds raised
have been used to transform the Company through ...