Sun River arranges $1 million bridge financing via Europa Securities

By Devika Patel

Knoxville, Tenn., June 15 - Sun River Energy Inc. said that agent Europa Securities LLC has been hired to place a $1 million bridge financing to a second round of a $6 million 8% series A convertible preferred stock issue.

Proceeds will be used to fund evaluation for exploration activities, leading to an initial drilling site selection and an ongoing drilling program on Sun River Energy's acreage in New Mexico, as well as for additional working capital.

Located in Wheat Ridge, Colo., Sun River is an oil and natural gas exploration company.

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