Monday, July 16, 2007

North American Energy raises offering to 15.1 mln shares

(Reuters) - Earlier, the company had offered to sell about 2.50 million
shares while selling shareholders had offered about 12.3
million shares.




The company expects to raise about $47.2 million and will
use the proceeds to repay debt and for working capital and
other general corporate purposes, it said in a filing with the
U.S. Securities and Exchange Commission.


Read more at Reuters.com Government Filings News

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