Primeline Completes Rights Offering

Primeline Energy Holdings Inc. (TSX VENTURE:PEH) reported the completion of its previously announced rights offering.

The press release is quoted as saying:

Primeline is an exploration and development company focusing exclusively on China resources to become a major supplier of gas and oil to the East China market.

Click here to access the entire press release

china

The Conversation (2)

Patrick Leahey

02 Aug, 2011

Stans Energy stock is still down, yet it seems to be one of the best bets for producing rare earth metals quickly. I realize that they have been doing some heavy investing and may take a year or two to make a profit. Is that the only reason why the stock is down?