New Issue: Far East Energy closes $10.9 million private placement of stock

By Sheri Kasprzak

New York, Sept. 26 - Far East Energy Corp. said it has wrapped a private placement for $10,899,999.

The company sold 12,111,111 shares at $0.90 each.

Proceeds from the offering will be used for coal-bed methane drilling on its properties in China and for working capital.

Based in Houston, Far East is coal-bed methane exploration company with operations in Beijing, Kunming and Taiyhuan City in China.

Issuer:	Far East Energy Corp.
Issue:	Stock
Amount:	$10,899,999
Shares:	12,111,111
Price:	$0.90
Warrants:	No
Settlement date:	Sept. 26
Stock price:	$1.40 at close Sept. 23

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