Palliser Oil & Gas Closes Bought Deal Financing
CALGARY, Jan. 31, 2013 /CNW/ - Palliser Oil & Gas Corporation (TSXV: PXL) ("Palliser"), is pleased to announce that it has closed its previously announced short form prospectus offering on a "bought deal" basis of 5,000,000 common shares (the "Common Shares") of Palliser for aggregate gross proceeds of $3,150,000 (the "Offering"). The Offering was completed by a syndicate of underwriters led by Octagon Capital Corporation and including PI Financial Corp., Acumen Capital Finance Partners Limited and Paradigm Capital Inc.
About Palliser Oil & Gas Corporation
Palliser is a Calgary-based junior oil and gas company focused on high netback heavy oil production in the greater Lloydminster area of Alberta and Saskatchewan.
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SOURCE: Palliser Oil & Gas CorporationFor further information:
Palliser Oil & Gas Corporation
Allan B. Carswell
President & COO
Ivan J. Condic
Vice President, Finance & CFO