Traverse Energy Ltd. Closes Private Placement Financing

Traverse Energy Ltd. (TSX VENTURE:TVL) announced that it has successfully completed its previously announced non-brokered private placement of 2,135,000 units of the Corporation at an issue price of $1.30 per Unit.

The press release is quoted as saying:

The Corporation is a junior oil and natural gas exploration and production company. The Corporation’s management will continue to evaluate drilling and acquisition opportunities within Canada. The Common Shares of the Corporation currently are listed on the TSX Venture Exchange under the trading symbol “TVL”. There are currently 29,353,333 Common Shares issued and outstanding.

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