Business
BOWOOD ENERGY INC. ANNOUNCES CLOSING OF SUBSCRIPTION RECEIPT OFFERING
BOWOOD ENERGY INC. ANNOUNCES CLOSING OF SUBSCRIPTION RECEIPT OFFERING
About this update from Permex Petroleum Corp.
[{"type":"text","content":"\n\n\n\n Sep. 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\nTSX VENTURE EXCHANGE: BWD\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\nCALGARY, Sept. 21 /CNW/ - Bowood Energy Inc. ("Bowood" or the "Corporation") (TSXV:BWD) is pleased to announce that it has completed its previously announced subscription receipt financing. Bowood, through a syndicate of agents co-led by GMP Securities L.P. and Haywood Securities Inc. (collectively, the "Agents") issued a total of 88,000,000 subscription receipts ("Subscription Receipts") at a price of $0.25 per Subscription Receipt to raise gross proceeds of $22 million, including the full exercise of the over-allotment option.\nThe gross proceeds of the Subscription Receipt financing will be held in escrow pending the completion of the previously announced acquisition by the Corporation of certain lands and leases in Southern Alberta from the Blood Tribe (the "Acquisition"). If the Acquisition is completed on or before October 29, 2010, the proceeds will be released to Bowood and each Subscription Receipt will be exchanged for one common share of Bowood for no additional consideration. If the Acquisition is not completed on or before October 29, 2010 or the Acquisition is terminated at an earlier time, holders of Subscription Receipts will receive a...