CBM Asia Arranges Brokered Private Placement of $5,000,000 to $8,000,000

- June 3rd, 2011

CBM Asia Development Corp. (CVE:TCF) arranges a brokered private placement of a minimum of 12,500,000 units and a maximum of 20,000,000 Units at a price of $0.40 per Unit.

CBM Asia Development Corp. (TSXV:TCF) arranges a brokered private placement of a minimum of 12,500,000 units and a maximum of 20,000,000 Units at a price of $0.40 per Unit.

The press release is quoted as saying:

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane (“CBM”) exploration and development opportunities in Indonesia.

Click here to access the entire press release

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