Published on 8/4/2005 in the Prospect News PIPE Daily.
New Issue: Transmeridian closes $1.9 million private placement of stock
By Sheri Kasprzak
New York, Aug. 4 - Transmeridian Exploration Inc. said it has wrapped a private placement for $1,905,120.
The company sold 882,000 shares at $2.16 each to foreign investors.
Proceeds from the deal will be used for general corporate purposes.
Based in Houston, Transmeridian is an oil and natural gas exploration company.
Issuer: | Transmeridian Exploration Inc.
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Issue: | Stock
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Amount: | $1,905,120
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Shares: | 882,000
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Price: | $2.16
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Warrants: | No
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Settlement date: | July 29
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Stock price: | $2.42 at close July 29
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