Business
BNK PETROLEUM INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF $66 MILLION PRIVATE PLACEMENT AND REPLACEMENT CREDIT FACILITY
BNK PETROLEUM INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF $66 MILLION PRIVATE PLACEMENT AND REPLAC...
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n\n Oct. 27, 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\nCAMARILLO, CA, Oct. 27 /CNW/ - BNK Petroleum Inc. (the "Company") (TSX:\n BKX) is pleased to announce that the first tranche of the previously\n announced CAD$66 million private placement has closed.  10,600,000\n shares were issued for total gross proceeds of CAD$26,924,000.  The\n shares are subject to a four month hold period.\n\n\nThe Company also announced today that BNK Petroleum (US) Inc. ("BNK US")\n has obtained a new Replacement Credit Facility from Amegy Bank of Texas\n and its affiliate Vectra Bank Colorado the terms of which are disclosed\n in the Company's news release dated October 25, 2010.  BNK US is the\n Company's indirect wholly-owned subsidiary which holds its US oil and\n gas interests.\n\n\nAbout BNK Petroleum Inc.\n\n\nBNK Petroleum Inc. is a U.S. based international oil and gas exploration\n and production company focused on finding and exploiting large,\n predominately unconventional oil and gas resource plays. Through\n various affiliates and subsidiaries, the Company owns and operates\n shale gas properties and concessions in the United States, Poland and\n Germany. Additionally the Company is utilizing its technical and\n operational expertise to identify and acquire additional unconventional\n projects outside of North America. The Company's shares are traded on\n the Toronto Stock Exchange under the stock symbol BKX.  \n\n\n\n \nWolf E. Regene...