Delphi Energy Announces Closing of $30.25 Million Equity Offering

Delphi Energy Corp. (TSX:DEE) announced that the company has closed the sale of 11,000,000 common shares at a price of $2.75 per share for total gross proceeds of $30,250,000.

The press release is quoted as saying:

Delphi Energy is a Calgary-based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Delphi trades on the Toronto Stock Exchange under the symbol DEE.

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