Don't know specifics but apparently Peru is on the books according to this (remembering that it is winter there now and perhaps that is the reason for tardiness) but I don't know.
Given the share price I certainly would hope something is planned.
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Petrolifera closes $40-million bought deal
2008-06-27 09:10 ET - News Release
Mr. R.A. Gusella reports
PETROLIFERA PETROLEUM ANNOUNCES CLOSING OF BOUGHT DEAL OFFERING
Petrolifera Petroleum Ltd. has closed its previously announced bought deal financing of 4,445,000 common shares at a price of $9 per common share for gross proceeds of $40,005,000. The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and includes Macquarie Capital Markets Canada Ltd., GMP Securities LP, Tristone Capital Inc., Cormark Securities Inc., Octagon Capital Corporation, D&D Securities Company and Thomas Weisel Partners Canada Inc. The net proceeds of the offering will be used by Petrolifera to finance the remaining portion of its 2008 capital spending program in Argentina, Colombia and Peru.
Petrolifera has granted the underwriters an option according to which the underwriters may offer for sale up to an additional 666,750 common shares at a price of $9 per common share on the same terms and conditions as the offering. The overallotment option is exercisable in whole or in part until July 27, 2008.
After accounting for the common shares issued under the offering, Petrolifera now has 54,798,010 common shares outstanding. |
