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CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) is reviewing the $15,000,000 non-brokered private placement that was announced on March 6, 2013. Offers for multi-year financing structures from various investors and oil & gas companies in Indonesia have been received, and the Company is currently evaluating the terms and conditions of the offers.
As quoted in the press release:
The Company has received preliminary offers from institutional investors and regional oil & gas companies for multi-year financing structures that would fund the Company through its exploration phases of its coalbed methane Production Sharing Contracts in Indonesia. The Company is currently supporting the respective due diligence and expects the process to take several more weeks to be concluded.
Click here to read the CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) press release
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