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: TechAgreements

Magellan Petroleum Corporation Enters Into Second Private Placement Agreements With Its Strategic Investor

By TechAgreements

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The placement involves the issuance and sale of up to 5.2 million new shares of the Company's common stock, $0.01 par value per share ("Common Stock"), to YEP and/or one or more of its affiliates in return for $3.00 per new share issued and sold. Placement of the shares is expected to occur in one or more closings through December 25, 2010, with the proceeds to be used to cover operating and...

Full post as published by TechAgreements on August 11, 2010 (boomark / email).

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