Illinois' Voyager Petroleum heralds $11 million investment agreement

Investor Legendary buys convertible, offers standby letter of credit

By Devika Patel

Knoxville, Tenn., Feb. 7 - Voyager Petroleum Inc. said Legendary Investments, LLC will invest in the company through a convertible debenture and a standby letter of credit. The convertible will have a $1 million principal and the letter of credit is for $10 million.

The Hinsdale, Ill., company seeks to become a service provider of processed reclaimed used oil and wholesale and third-party labeled products.

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