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BNK PETROLEUM INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF $66 MILLION PRIVATE PLACEMENT
BNK PETROLEUM INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF $66 MILLION PRIVATE PLACEMENT
About this update from Kolibri Global Energy Inc
[{"type":"text","content":"\n\n\n\n Nov. 8, 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, Nov. 8 /CNW/ - BNK Petroleum Inc. (the "Company") (TSX: BKX) is pleased to announce that the second and final tranche\n of the previously announced CAD$66 million private placement has\n closed.  15,400,000 shares were issued to Quantum Partners L.P.\n ("Quantum") for total gross proceeds of CAD$39,116,000. The shares are\n subject to a four month hold period.  Quantum now holds approximately\n 19.5% of the Company's issued and outstanding shares.\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\n\n\n\n\n\n\n\n \nWolf E. Regener President and Chief Executive Officer                                  
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