Dear ,
On Friday Dec. 2nd, CBM Asia Development Corp. (TSX-V:TCF) announced gross acquisition costs of USD 4.14/acre at its two new majority-operated coalbed methane PSC's in Indonesia. On Sunday Dec. 4th, CBM Asia announced a C$5 million non-brokered private placement of 27,777,777 units at a price of C$0.18 per unit.
Click here to read the Dec. 2nd news release: http://www.cbmasia.ca/s/NewsReleases.asp?ReportID=494465&_Type=News-Releases&_Title=CBM-Asia-Announces-Gross-Acquisition-Costs-of-USD-4.14Acre-Including-Extens...
Click here to read the Dec. 4th news release: http://www.cbmasia.ca/s/NewsReleases.asp?ReportID=494677&_Type=News-Releases&_Title=CBM-Asia-Announces-Non-Brokered-Private-Placement
For more information on CBM Asia, please contact Investor Relations at Micro Cap et al at 1 877 642 7622, or info@microcapetal.com
Sincerely,
Alan T. Charuk
President & CEO
www.cbmasia.ca
About CBM Asia
CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company holds various participating interests in four production sharing contracts (each a "PSC") for CBM in Indonesia. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 more than 30 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of over US$100 million during the next 3 years. In addition to CBM Asia, other companies active in CBM exploration in Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, and TOTAL. The Company trades on the TSX Venture Exchange under the symbol "TCF".
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CBM Asia Development Corp.
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CODE : TCF.V |
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CBM Asia is a exploration company based in Canada. CBM Asia holds various exploration projects in Indonesia. Its main exploration property is KUTAI BASIN in Indonesia. CBM Asia is listed in Canada. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.5 millions, € 1.3 millions). Its stock quote reached its highest recent level on June 19, 2009 at CA$ 0.61, and its lowest recent point on February 12, 2015 at CA$ 0.01. CBM Asia has 182 670 000 shares outstanding. |