Published on 12/31/2008 in the Prospect News PIPE Daily.
New Issue: TransAtlantic Petroleum concludes $42.5 million stock sale
By Devika Patel
Knoxville, Tenn., Dec. 31 - TransAtlantic Petroleum Corp. said it settled a $42.5 million private placement of stock. The company also announced it has completed its acquisition of Longe Energy Ltd.
The company sold 35,416,667 common shares at $1.20 per share.
Calgary, Alta.-based TransAtlantic is an oil and natural gas exploration company.
| Issuer: | TransAtlantic Petroleum Corp.
|
| Issue: | Common stock
|
| Amount: | $42.5 million
|
| Shares: | 35,416,667
|
| Price: | $1.20
|
| Settlement date: | Dec. 31
|
| Stock symbol: | Toronto: TNP
|
| Stock price: | C$0.87 at close Dec. 30
|
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