Rolland Energy to conduct private placement of convertible debentures

By Laura Lutz

Des Moines, Feb. 13 - Rolland Energy Inc. plans to complete a private placement of convertible debentures.

The company announced that it is in talks with investors to arrange the non-brokered deal.

Proceeds will be used to repay a portion of the company's current short-term debt facility, for working capital and for acquisitions.

Settlement is expected on Feb. 16.

Rolland Energy is an oil and gas company based in Montreal.

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