Exall Energy Completes Second Tranche of Private Placement Financing

Exall Energy Corporation (TSX:EE) reported that further to its press release of March 22, 2010, the company has raised additional gross proceeds of $500,500 by way of a second tranche of the private placement financing complete on a non-brokered basis. As a result of the closing of the two tranches, Exall has raised gross proceeds of $3,704,903.

The press release is quoted as saying:

Exall is a junior oil and gas company active in its business of oil and gas exploration, development and production from its properties in Alberta, British Columbia and Texas. Exall Energy is currently developing a new oil discovery in north-central Alberta.

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