Business
PAN ORIENT INCREASES BOUGHT DEAL PRIVATE PLACEMENT TO $45 MILLION
Feb. 15, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SER...
About this update from Canasia Energy Corp
[{"type":"text","content":"\n\n\n\n Feb. 15, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES \nOR FOR DISSEMINATION IN THE UNITED STATES\n\n\nCALGARY, Feb. 15 /CNW/ - Pan Orient Energy Corp. (POE - TSXV), ("Pan\n Orient" or "the Company"), is pleased to announce that, in connection\n with its previously announced private placement, the Company and the\n syndicate of underwriters co-led by Raymond James Ltd. and Macquarie\n Capital Markets Canada Ltd. and including GMP Securities L.P.,\n Canaccord Genuity Corp., Mackie Research Capital Corporation, Haywood\n Securities Inc. and Paradigm Capital Inc. (the "Underwriters"), have\n agreed to increase the size of the offering to 6,870,240 common shares\n of the Company (the "Common Shares") at a price of $6.55 per Common\n Share for gross proceeds of $45,000,072 on a bought deal private\n placement basis (the "Offering").\n\n\nThe Company has also granted the Underwriters an option (the\n "Underwriters' Option") to increase the size of the Offering by up to\n an additional 687,024 Common Shares, such option being exercisable at\n any time up to 48 hours prior to the closing of the Offering. If the\n Underwriters' Option is exercised in full, the aggregate gross proceeds\n raised will be $49,500,079.\n\n\nThe net proceeds from the Offering will be used to fund the exploration\n and development of the Company's petroleum assets in Thailand and\n In...