FEEC .... Big NEWS in this events . STRONG BUY look !
CURRENT AND UPCOMING EVENTS
All Cap All China Conference
May 19-20 hosted by Brean Murray Carret & Co.
The Waldorf Astoria, New York, NY
Presenting at 1:15 pm EST
The Spring 2008 China Growth Conference
The Harvard Club of New York City – May 22, 2008
Presented by Adam Friedman Associates LLC and
Friedland Events LLC (a Norita Capital Partners Inc. company)
Luncheon Speaker – Michael R. McElwrath,
Far East Energy Corporation Announces Financing For Development of Coalbed Methane Projects in China
$15 million Investment by the International Finance Corporation WORLD BANK
Plans to Accelerate Drilling Program
Far East Energy Corporation (OTC BB: FEEC) announced today that it entered into a subscription agreement with International Finance Corporation (IFC), a member of the World Bank Group, to help fund Far East Energy’s coalbed methane exploration and development program in China. Far East Energy, one of the largest holders of coalbed methane deposits in China, will use the proceeds to finance a portion of its operations in China, including planned drilling and development of coalbed methane production, and for working capital purposes.
Far East Energy sold, at a price of $1.306 per share, a total of 11,485,452 shares of its common stock to IFC for total gross proceeds of $15 million. Far East Energy also issued warrants to IFC to purchase 4,019,908 shares of common stock with an exercise price of $2.61 per share.,
Far East Energy may redeem the warrants if the shares of the company's common stock trade at a price equal to or in excess of $3.92 per share for fifteen or more consecutive trading days. Far East Energy will pay no commissions or finder fees in connection with the offering
CURRENT AND UPCOMING EVENTS
All Cap All China Conference
May 19-20 hosted by Brean Murray Carret & Co.
The Waldorf Astoria, New York, NY
Presenting at 1:15 pm EST
The Spring 2008 China Growth Conference
The Harvard Club of New York City – May 22, 2008
Presented by Adam Friedman Associates LLC and
Friedland Events LLC (a Norita Capital Partners Inc. company)
Luncheon Speaker – Michael R. McElwrath,
Far East Energy Corporation Announces Financing For Development of Coalbed Methane Projects in China
$15 million Investment by the International Finance Corporation WORLD BANK
Plans to Accelerate Drilling Program
Far East Energy Corporation (OTC BB: FEEC) announced today that it entered into a subscription agreement with International Finance Corporation (IFC), a member of the World Bank Group, to help fund Far East Energy’s coalbed methane exploration and development program in China. Far East Energy, one of the largest holders of coalbed methane deposits in China, will use the proceeds to finance a portion of its operations in China, including planned drilling and development of coalbed methane production, and for working capital purposes.
Far East Energy sold, at a price of $1.306 per share, a total of 11,485,452 shares of its common stock to IFC for total gross proceeds of $15 million. Far East Energy also issued warrants to IFC to purchase 4,019,908 shares of common stock with an exercise price of $2.61 per share.,
Far East Energy may redeem the warrants if the shares of the company's common stock trade at a price equal to or in excess of $3.92 per share for fifteen or more consecutive trading days. Far East Energy will pay no commissions or finder fees in connection with the offering
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