Sept 3 (Reuters) - Petro Andina Resources Inc:
* Announces sale to Pluspetrol for $7.65 per share; creation of ExploreCo; and
ExploreCo Financing at $3.00 per ExploreCo share
* Says ExploreCo will get to meet existing commitments about $70 million of
from Petro Andina
* Says certain insiders have committed a private placement of about $6 to 10
million at $3/ExploreCo share
* Entered into bought deal equity financing with underwriters led by
Firstenergy Capital And Scotia Capital
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces sale to Pluspetrol for $7.65 per share; creation of ExploreCo; and
ExploreCo Financing at $3.00 per ExploreCo share
* Says ExploreCo will get to meet existing commitments about $70 million of
from Petro Andina
* Says certain insiders have committed a private placement of about $6 to 10
million at $3/ExploreCo share
* Entered into bought deal equity financing with underwriters led by
Firstenergy Capital And Scotia Capital
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.