Primary Petroleum Completes Exercise of Warrants, Raises Over Four Million Dollars
Investing News Network - October 26th, 2010
Primary Petroleum Corporation (CVE:PIE) reports its completion of exercise of warrants and raises over 4 million dollars.
Primary Petroleum Corporation (TSXV:PIE) reports its completion of exercise of warrants and raises over 4 million dollars.
The press release is quoted as saying:
The Company is in receipt of $4,005,000 from the proceeds of the warrant exercise.
Primary holds over 170,000 gross/net acres (266 sections) in Bakken oil prospects and is continuing to meet with potential joint venture industry partners to exploit both of its Bakken Prospects in the Alberta Basin of Western Montana and in the Williston Basin of North Eastern Montana.