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Madalena Announces Closing of Private Placement for $3,000,000
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATE...
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\n/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO\n ANY UNITED STATES NEWS SERVICES. ANY FAILURE TO COMPLY WITH THIS\n RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./ \n\n\nTSXV Trading Symbol: MVN\n\n\nCALGARY, Nov. 21, 2013 /CNW/ - Madalena Energy Inc. (the \"Madalena\" or the \"Company\") (TSXV: MVN) is pleased to announce that it has closed its previously\n announced private placement (\"Private Placement\") financing for aggregate gross proceeds of $3.0 million through the\n issuance of 5,555,556 common shares issued as CDE \"flow-through shares\"\n within the meaning of the Income Tax Act (Canada) at a price of $0.54 per share.\n\n\nThe shares issued pursuant to the Private Placement are subject to a\n four month hold period, which expires on March 22, 2014. Madalena paid\n a finder's fee on the gross proceeds from the Private Placement to a\n brokerage firm.\n\n\nThe Corporation's previously announced bought-deal financing in the\n amount of $8,000,000 is expected to close on or about December 3, 2013.\n\n\nAbout Madalena - International and Domestic Assets\n\n\nMadalena is an independent, Canadian-based, domestic and international\n upstream oil and gas company whose main business activities include\n exploration, development and production of crude oil, natural gas\n liquids and natural gas.\n\n\nInternationally, Madalena holds three blocks within the Neuquén basin in\n Argentina comprised of approximately 135,000 net acres on the Coiron\n Amargo (approximately 35,000 net acres), Curamhuele (approximately\n 50,500 net acres) and Cortadera (approximately 49,500 net acres)\n blocks.\n\n\nDomestically, Madalena's core area of operations is located in the\n Greater Paddle River area of west-central Alberta, where the\n Corporation holds approximately 200 gross (155 net) sections of land\n (78% average working interest).\n\n\nMadalena trades on the TSX Venture Exchange under the symbol MVN. Basic\n corporate information, recent news releases and regularly updated\n corporate presentations are available on the Company's website at www.madalena-energy.com.\n\n\nReader Advisories\n\n\nForward Looking Information\n\n\nThe information in this news release contains certain forward-looking\n statements. These statements relate to future events or our future\n performance, in particula...