Bengal Energy Announces Equity Financing of Up to $12.0 Million and the Appointment of Two New Directors
Bengal Energy Ltd. (TSE:BNG) announced that it has filed a preliminary short form prospectus with respect to a marketed public offering of up to 12.0 million common shares of Bengal at a price of $1.00 per Common Share for aggregate gross proceeds of up to $12.0 million, in each of the provinces of Canada, other than Quebec.
The press release is quoted as saying:
Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Canada, India and Australia. The Company is committed to growing shareholder value through international exploration, production and acquisitions.
Click here to access the entire press release
Click here to access Bengal Energy Ltd. Corporate Site
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Mon, Aug 30, 2010
Post by Anne Bagchi, Gas Researcher