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Re: News Release - Thursday, July 23, 2009
Bankers Petroleum Raises CDN$12 Million From EBRD Warrant
Proceeds 2009 Second Quarter Financial Results Available On
August 14
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CALGARY, July 23, 2009 - Bankers Petroleum Ltd. ("Bankers") (TSX: BNK,
AIM: BNK) is pleased to announce that the European Bank for
Reconstruction and Development ("EBRD") has exercised its entire
warrant holdings of 8.0 million warrants, issued on May 8, 2009 and
priced at CDN$1.50/share, generating proceeds of CDN$12.0 million. The
warrants were granted to EBRD along with a similar amount to the
International Finance Corporation (that were previously exercised on
July 10th), as part of the previously announced US$110 million credit
facility. Application has been made to admit the 8.0 million common
shares issued upon the EBRD warrant exercise to London's AIM Exchange
and admission is expected to be effective on July 30, 2009.
Bankers would like to welcome EBRD as a new institutional shareholder
of the Company. EBRD is the largest institutional investor in Albania,
with its key focus areas being infrastructure development and
rehabilitation of the energy sector in Albania.
Subsequent to this transaction, Bankers has 223,886,772 Common Shares
outstanding, 13,455,892 options to purchase Common Shares and 9,713,376
Common Share purchase warrants.
2009 Second Quarter
Bankers expects to release its 2009 second quarter financial and
operating results on August 14 and will hold a conference call on
August 17. The conference call-in details will be announced when
finalized.
About Bankers Petroleum Ltd.
Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and
production company focused on developing large oil and gas reserves. In
Albania, Bankers operates and has the full rights to develop the
Patos-Marinza and Kucova heavy oil fields. Bankers' shares are traded
on the Toronto Stock Exchange and the AIM Market in London, England
under the stock symbol BNK.
For further information, contact:
Abby Badwi
President and Chief Executive Officer
(403) 513-2694
Doug Urch
VP, Finance and Chief Financial Officer
(403) 513-2691
Email: investorrelations@bankerspetroleum.com
Website: www.bankerspetroleum.com
AIM NOMAD:
Canaccord Adams Limited
Ryan Gaffney/ Henry Fitzgerald-O'Connor
+44 20 7050 6500
AIM JOINT BROKERS:
Canaccord Adams Limited
Ryan Gaffney/ Henry Fitzgerald-O'Connor
+44 20 7050 6500
Tristone Capital Ltd.
Nick Morgan
+44 20 7355 5800
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Copyright (c) 2009 BANKERS PETROLEUM LTD. (BNK.H) All rights reserved.
For more information visit our website at http://www.bankerspete.com/
or send mailto:info@bankerspetroleum.com
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Bankers Petroleum Ltd.
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CODE : BNK.TO |
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CUSIP : 38142Q |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Bankers Petroleum est une société d’exploration minière de pétrole basée au Canada. Bankers Petroleum est productrice de pétrole, de gaz en Albanie, et détient divers projets d'exploration en Albanie. Son principal projet en production est PATOS-MARINZA en Albanie et ses principaux projets en exploration sont KUÇOVA et KUCOVA HEAVY OILFIELD en Albanie. Bankers Petroleum est cotée au Canada, au Royaume-Uni et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,8 milliards CA$ (2,1 milliards US$, 1,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2007 à 0,35 CA$, et son plus haut niveau récent le 26 avril 2024 à 10,81 CA$. Bankers Petroleum possède 261 560 000 actions en circulation. |