News Release
DOWNLOAD NEWS RELEASE:
PAST NEWS RELEASES:
- May 27, 2009
- April 30, 2009
- April 20, 2009
- Dec 9, 2008
- Nov 26, 2008
- Sept 17, 2008
- Aug 28, 2008
- July 24, 2008
- July 11, 2008
- May 26, 2008
- April 25, 2008
- April 21, 2008
- Mar 28, 2008
- Jan 14, 2008
- Jan 4, 2008
- Nov 20, 2007
- Oct 5, 2007
- Sept 27, 2007
- Sept 7, 2007
- Sept 5, 2007
- Aug 24, 2007
- Aug 24, 2007 #2
- Aug 8, 2007
- July 31, 2007
- July 18, 2007
- May 29, 2007
- May 23, 2007
- May 23, 2007 #2
- May 3, 2007
- May 3, 2007 #2
- April 30, 2007
- April 02, 2007
- Mar 29, 2007
- Mar 26, 2007
- Mar 20, 2007
- Jan 5, 2007
- Jan 4, 2007
- Jan 3, 2007
- Dec 6, 2006
- Nov 24, 2006
- Oct 02, 2006
- Sept 11, 2006
- Aug 16, 2006
- Jun 15, 2006
- May 29, 2006
- May 9, 2006
- May 1, 2006
- March 26, 2006
- March 6, 2006
- Feb 28, 2006
- Feb 6, 2006
- Jan 31, 2006
- Jan 16, 2006
- Dec 28, 2005
- Nov 29, 2005
- Nov 29, 2005 #2
- Oct 31, 2005
- Oct 21, 2005
- Oct 12, 2005
- Aug 29, 2005
May 23, 2007
CYGAM ENERGY INC. ANNOUNCES CLOSING OF $10 MILLION PRIVATE PLACEMENT.
CYGAM ENERGY INC. (TSX Venture Exchange: CYG) )
Calgary, Alberta, May 23, 2007 - Cygam Energy Inc. ("Cygam" or the "Corporation") is pleased to announce that it has completed its previously announced private placement financing. Pursuant to the private placement, the Corporation issued 10,000,000 common shares at a price of $1.00 per share, for gross proceeds of $10 million. The common shares issued pursuant to the private placement are subject to a four month hold period expiring September 24, 2007.
The Corporation paid Tristone Capital, sole agent for the offering, a cash commission of 6% of the gross proceeds raised in respect of the sale of the common shares issued pursuant to the private placement.
Net proceeds from the offering will be used to augment the Issuer's existing working capital to fund and accelerate the ongoing exploration and development of oil and gas assets in Italy and Tunisia.
Cygam is a Calgary based exploration company with producing oil and gas properties in Canada and extensive international exploration concessions. The main focus of the Corporation is the acquisition, exploration and development of international oil and gas permits, primarily in Italy, Tunisia and the Mediterranean basin. Cygam currently holds various interests in five exploratory concessions in Italy and four exploratory concessions in Tunisia encompassing approximately 4 million gross acres (approximately 2.7 million net acres). Visit the Cygam website at www.cygamenergyinc.com for more information about Cygam.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
For further information, please contact:
For further information please contact:
Dario Sodero, President or
Ali Rawji, Chief Financial Officer
Tel: (403) 802-6983, Fax: (403) 802-6984
E-mail: dario.sodero@cygamenergyinc.com or ali.rawji@cygamenergyinc.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release