Rodinia Oil Corp. Closes Initial Public Offering Over-Allotment Option

Rodinia Oil Corp. (TSX VENTURE:ROZ) reported today the completion of the agent’s over-allotment option in connection with its initial public offering.

The press release is quoted as saying:

Rodinia announced the closing of its initial public offering on May 28, 2010. Net proceeds of the offering are expected to be used by Rodinia to finance its extensive oil and natural gas exploration programs in Australia and for general corporate purposes. Rodinia’s exploration acreage is located in the Officer Basin, in South Australia and Western Australia. The Officer Basin has significant resource potential due to its shared geological analogues with basins in Russia and the Persian Gulf, which possess billions of barrels of proven light oil reserves. Rodinia has access to 17.3 million gross acres of under-explored land in the region.

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