Reliable Energy Ltd. Increases Bought Deal Financing to $15 Million

- May 12th, 2010

Reliable Energy Ltd. (TSX VENTURE:REL) reported that as part of the bought deal financing agreement announced on May 12, 2010 with a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Genuity Corp., Acumen Capital Partners and Clarus Securities Inc. the Company has increased the size of the special warrants offering to approximately $9.0 million.

Reliable Energy Ltd. (TSX VENTURE:REL) reported that as part of the bought deal financing agreement announced on May 12, 2010 with a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Genuity Corp., Acumen Capital Partners and Clarus Securities Inc. the Company has increased the size of the special warrants offering to approximately $9.0 million.

The press release is quoted as saying:

Reliable Energy Ltd. is an Alberta based junior oil and gas exploration and production company that commenced operations in 2005. Reliable’s activities are primarily focused in the Kirkella area situated on the Saskatchewan/Manitoba border. Kirkella is a Bakken oil rich prospect area that possesses high operating margins and multiple formation potential, while cost effective high impact exploration yields significant low risk exploitation and development opportunities.

Click here to access the entire press release

2 responses to “Reliable Energy Ltd. Increases Bought Deal Financing to $15 Million

  1.  Hi,
    I belong in a very ambitious project in Mexico about a Lithium Mine. 
     
    We know that lithyum has very interesting applications in Environmental Clean Energy Process.
     
    We have all information about our mine and we are interested about sale it.
     
    I hope you will be interested in our project.
     
    Do not hesitate to contact me for more information.
     
    Best regards,

    Armando Reyes
    524492036108
    envirolex@prodigy.net.mx

  2.  Hi,
    I belong in a very ambitious project in Mexico about a Lithium Mine. 
     
    We know that lithyum has very interesting applications in Environmental Clean Energy Process.
     
    We have all information about our mine and we are interested about sale it.
     
    I hope you will be interested in our project.
     
    Do not hesitate to contact me for more information.
     
    Best regards,

    Armando Reyes
    524492036108
    envirolex@prodigy.net.mx

Leave a Reply