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Zodiac Exploration Announces Warrant Exercise
Jun. 6, 2011 (Filing Services Canada) -- Zodiac Exploration Inc. (ZEX - TSX Venture), ("Zodiac"...
About this update from Sintana Energy Inc.
[{"type":"text","content":"\nZodiac Exploration Announces Warrant Exercise\n\n Jun. 6, 2011 (Filing Services Canada) -- Zodiac Exploration Inc. (ZEX - TSX Venture), (\"Zodiac\" or the \"Company\") announces that it has received a notice of exercise in respect of 31,175,000 of its outstanding warrants.  Each warrant is exercisable at an exercise price of approximately $1.034 per warrant and entitles the holder thereof to acquire 1.0 common share of Zodiac for each warrant held.  The exercise of the warrants will provide total proceeds of approximately $32,250,000 to the Company.  After giving effect to this exercise of warrants, there are now 14,500,000 warrants outstanding of the same class.  Murray Rodgers, President and CEO, commented, \"We are very pleased with the exercise of these warrants, and see it as a strong endorsement of our business strategy and support for our on-going operations.   We have always believed that we have a very strong group of lead investors in the Company and this support exemplifies their commitment to Zodiac.\" For more information, please contactZodiac Exploration Inc.                 Zodiac Exploration Inc.Randy Neely                   or        Murray RodgersChief Financial Officer                 President & CEO\t(403) 444-7848                         (403) 444-7844Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward Looking StatementsThis press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as \"forward-looking statements\") within the meaning of applicable securities laws.  All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words ...