Excelsior Energy Provides Update to Previously Announced Private Placements
Excelsior Energy Limited (TSX VENTURE:ELE) reported that it will not be required to obtain the approval of its shareholders prior to the completion of the proposed $20.0 million and $6.0 million private placements announced on April 16, 2010, and May 13, 2010, respectively.
The press release is quoted as saying:
Excelsior is an early stage, oil sands company with 58 operated sections on two contiguous blocks in the Hangingstone and West Surmont areas of the Athabasca Oil Sands Region near Fort McMurray, Alberta.
Click here to access the entire press release
Click here to access Excelsior Energy Corporate Site
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Fri, May 21, 2010
Post by Mike Rodger, Gas Reporter