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Medora Resources concludes C$33 million private placement
By Sheri Kasprzak
New York, Oct. 28 - Medora Resources Inc. said it has settled a private placement for C$33 million.
The company sold shares to Camcor Capital Inc., JOG Capital Inc. and Kern Energy Partners I Fund.
The precise details of the offering could not be determined by press time Friday.
Proceeds will be used for exploration, development and acquisitions in Saskatchewan.
Based in Calgary, Alta., Medora is an oil and natural gas exploration company.
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