Published on 1/11/2010 in the Prospect News PIPE Daily.
New Issue: Tri-Valley sells $7.17 million of common shares via private placement
By Devika Patel
Knoxville, Tenn., Jan. 11 - Tri-Valley Corp. settled a $7.17 million private placement of stock on Jan. 5, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 5,153,332 restricted common shares.
Located in Bakersfield, Calif., Tri-Valley is an oil and natural gas exploration company.
Issuer: | Tri-Valley Corp.
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Issue: | Restricted common stock
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Amount: | $7,171,750
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Shares: | 5,153,332
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Warrants: | No
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Settlement date: | Jan. 5
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Stock symbol: | Amex: TIV
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Stock price: | $2.05 at close Jan. 5
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Market capitalization: | $70.6 million
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