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Published on 4/5/2011 in the Prospect News PIPE Daily.

Activa Resources raises €2.49 million through convertible bond sale

Oil and gas explorer also settles €1.78 million March rights offering

By Devika Patel

Knoxville, Tenn., April 5 - Activa Resources AG said it sold €2.49 million of convertible bonds in a private placement.

The company also said it raised €1.78 million in a March rights offering.

The oil and natural gas explorer is based in Bad Homburg, Germany.


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