Pilgrim Petroleum Corp. (PGPM)

[Prosper/high]

Business
Pilgrim Petroleum Corporation Receives a Commitment of $3.0 Million Working Capital

Thu, Jun 8, 2017 4:43 PMIncrease text sizeDecrease text size
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Addison, Texas, June 08, 2017 -- Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves; the company announced today of new funding commitment in the amount of $3.0 Million from certain insider(s). This will be the first of many funding events this year with a combination of insiders and certain private investors.

http://www.econotimes.com/Pilgrim-Petroleum-Corporation-Receives-a-Commitment-of-30-Million-Working-Capital-746904