Nordic Sets Private Placement for Bakken Drilling Funds

- Nordic Sets Private Placement for Bakken Drilling Funds

Monday, September 12, 2011
Nordic Oil & Gas Ltd.

Donald Benson, President of Nordic Oil and Gas Ltd. ("the Company" or Nordic"), on Monday announced a new non-brokered private placement offering (the "Offering") of up to 30,000,000 units ("Units") at a price of $0.075 per Unit for gross proceeds of up to $2,250,000. Each Unit of the Offering will consist of one Class A common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one-half of one Class A common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one regular Class A common share of the Company at a price of $0.10 per share for a period of 18 months from the date of issuance.

The securities issued pursuant to the Offering are subject to a four-month hold period from the date of issuance. The Company anticipates multiple closings of the Offering in the coming weeks.

Certain finders are expected to assist the Company by introducing potential subscriber(s) to the Offering and, subject to compliance with applicable legislation, will be entitled to receive fees equal to up to 10% of the purchase price of the Units sold pursuant to the Offering, as well as compensation warrants (the "Finder's Warrants") equal to up to 10% of the number of Units sold pursuant to the Offering. Each Finder's Warrant shall entitle the holder thereof to purchase one regular Class A common share of the Company at a price of $0.10 for a period of 18 months from the date of issuance.

All terms of the Offering are subject to the approval of the TSX Venture Exchange.

"It is our intention to use a large portion of the funds raised in this Offering to undertake the drilling of our first exploration well on our Weyburn/Bakken property in southeast Saskatchewan," Mr. Benson stated. "We feel that our Weyburn/Bakken property should be our top priority at this time and we would like to be in position to drill the first well early in the fourth quarter of 2011."

Upon analyzing the seismic shot in the region, Nordic's geophysicist has identified four potential drilling locations on the land. He notes that in addition to the Bakken, the seismic also indicates that both the Midale/Frobisher and Red River zones are prospective as well.

"The offsetting land in the area has been producing from the Midale zone since 1991," Mr. Benson added.

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CGGVeritas Offers $600MM in Private Placement

- CGGVeritas Offers $600MM in Private Placement

Tuesday, May 24, 2011
CGGVeritas

CGGVeritas intends to pursue an offering of senior notes due 2021 in an aggregate principal amount of approximately $600 million in a private placement in the international capital markets. The notes will rank pari passu with the existing senior notes of CGGVeritas due 2016 and 2017.

The net proceeds of this offering will be used to repay in full CGGVeritas’ term loan B facility and to redeem the remaining $70 million principal amount of its 7½% Senior Notes due 2015.

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SunPower Receives Loan Guarantee From The Department of Energy

SunPower Receives Loan Guarantee From The Department of Energy



SunPower Corp (NASDAQ:SPWRA) received a conditional commitment Tuesday from the U.S. Department of Energy for a $1.187 billion loan guarantee to finance its 250-megawatt solar power plant in central California, according to a Reuters report.

The company's California Valley Solar Ranch in San Luis Obispo County will generate enough electricity to power 100,000 homes and will be one of the largest photovoltaic solar power plants in the world.

SunPower will design and build, as well as initially operate and maintain the solar plant, which it plans to then sell to NRG Energy (NYSE:NRG).

NRG Solar, a subsidiary of NRG Energy, will assume all ownership and financing responsibilities for the project, subject to certain conditions.

Construction is expected to begin in the second half of 2011, contingent on permitting and financing, with some of the project beginning operations by the end of this year, and the rest coming on line in 2012 and 2013.

SunPower is trading down 0.73% to $16.27 per share.

Petro Vista Completes Private Placement Balance

Petro Vista Completes Private Placement Balance

Tuesday, April 05, 2011

Petro Vista Energy Corp.

Petro Vista announced the completion of the balance of a C$4,000,000 non-brokered private placement previously announced on March 9, 2011 and March 16, 2011. This second tranche of the placement consisted of the sale of 8,250,000 units at a price of C$0.20 per unit for gross proceeds to the Company of C$1,650,000 (the "Offering").

Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one additional common share at a price of $0.30 per common share until April 5, 2014, subject to the Company's right to accelerate the expiry date of the warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.45 for a period of 10 consecutive trading days between August 6, 2011 and April 5, 2014.

Petro Vista paid commissions to finders under the Offering consisting of the issuance of 480,000 units. Each of these units has the same terms as those issued under the Offering. Additionally, the Company has issued 480,000 compensation warrants to finders. Each compensation warrant entitles the holder to acquire one common share at a price of $0.235 per common share until April 5, 2013.

All securities issued under the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws that expires on August 6, 2011.
The proceeds of the Offering will be used by the Company primarily to fund the drilling of the Company's M5B exploration / appraisal well and the testing of the Company's M5 discovery well, both located in the Llanos Basin, Columbia and for general working capital.