Petromanas Energy Amends Terms Of Its $60,000,000 Private Placement Offering

Petromanas Energy Inc. (TSX VENTURE:PMI) reported that the company has amended the terms of its previously announced private placement offering of units.

The press release is quoted as saying:

Each Unit consists of one common share (“Common Share”) and one-half of one Common Share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to acquire one additional Common Share of the Company at a price of $0.60 per share for a period of 24 months from closing of the Offering

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