Business
MADALENA ANNOUNCES INCREASE IN EQUITY FINANCING TO $25 MILLION
MADALENA ANNOUNCES INCREASE IN EQUITY FINANCING TO $25 MILLION
About this update from Centaurus Energy Inc.
[{"type":"text","content":"\n\n\n\n Oct. 21, 2010 (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\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ \n\n\nTSXV Trading Symbol: MVN \n\n\nTORONTO, Oct. 21 /CNW/ - Madalena Ventures Inc. ("Madalena" or the "Corporation") is pleased to announce that the\n Company has reached an agreement with a syndicate of underwriters led\n by Wellington West Capital Markets Inc., and including Byron Securities\n Limited (the "Underwriters") to increase its previously announced\n Offering to a total of 38,465,000 Common Shares for total gross\n proceeds of $25,002,250.  All other terms and conditions of the\n Offering, including the over-allotment option granted to the\n Underwriters, remain the same as previously announced.\n\n\nThe Common Shares are being offered in the provinces of Ontario,\n Manitoba, Saskatchewan, Alberta and British Columbia by way of a short\n form prospectus, and in other jurisdictions pursuant to applicable\n exemptions from registration and prospectus requirements.  The Offering\n is scheduled to close on or about November 10, 2010 and is subject to\n the completion of formal documentation and regulatory approval,\n including the approval of the TSX Venture Exchange.\n\n\nThe net proceeds of the Offering will be used to fund the Corporation's\n ongoing capital program in the Neuquén Basin of Argentina and for\n general corporate purposes.\n\n\nMadalena is a pu...