Monday, July 30, 2007 9:07:51 AM
Monday July 30, 6:00 am ET
HINSDALE, Ill., July 30, 2007 (PRIME NEWSWIRE) -- Voyager Petroleum Inc. (OTC BB:VYGO.OB - News) (Frankfurt:DXD.F - News) announced today it has closed a round of financing of $622,000. In the past two months, the Company sold a total of 6,220,000 shares of restricted common stock to accredited investors for $0.10 per share together with warrants to purchase the same amount of restricted shares at $0.12 per share which are exercisable for a period of twelve to eighteen months. The proceeds of the combined offerings will be used to finance new inventory and support for continued expansion and growth of the Company.
``Voyager continues to increase its working capital and expand its capabilities to better serve its customers,'' said Sebastien Dufort, President of Voyager Petroleum. ``We are excited by Voyager's growth and ability to raise capital.''
About Voyager Petroleum
Voyager Petroleum seeks to acquire reputable middle market petroleum based lubricant companies that refine, blend, bottle, and distribute to the automotive and manufacturing after market with established regional distribution channels and experienced management that would recognize increased revenue and significant cost savings from an injection of working capital, wider distribution, or vertical integration.
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