Colonia Energy Corp. Announces Closing of Rights Offering
January 15 2010 - 11:25AM
Marketwired Canada
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OR TO UNITED STATES
NEWS WIRE SERVICES.
Colonia Energy Corp. ("Colonia" or the "Corporation") (TSX VENTURE:CLA) is
pleased to announce that it has completed its previously announced rights
offering to shareholders of Colonia ("Rights Offering") resident in the
provinces of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Nova
Scotia, Prince Edward Island, Newfoundland and Labrador and the Northwest
Territories (the "Qualifying Jurisdictions"). Pursuant to the terms of the
Rights Offering, shareholders of the Corporation residing in the Qualifying
Jurisdictions as at December 23, 2009 (the "Record Date") were granted rights
(the "Rights") evidenced by transferable Rights certificates and purchased
13,478,246 common shares in the capital of the Corporation ("Common Shares") at
a price of $0.14 per Common Share for total gross proceeds of $1,886,954.44.
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