Park Place Energy closes $2.247mm private placement (Scandinavian Oil-Gas Magazine)

Park Place Energy closes $2.247mm private placement

Published Jul 31, 2014

Park Place Energy Corp. has recently closed a private placement that raised $2.247 million.

The funds will be used for general and administrative purposes as well as for the initial work to be performed under the License Agreement for the Vranino Block 1-11.

The Vranino Block 1-11 License Agreement was signed April 1, 2014. The Company is presently awaiting approval by Bulgarian regulatory authorities of its planned work programs.

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