Re: Connacher Oil and Gas Limited >>>

Rob, I picked up 250 CLL today. I hope you're right about this one.

PS-- I also took a small position on Canadian Zinc.

--
Lubow
"Lubow" <lubow@xxxxxxxxx> wrote in message
news:c34f0$43dfc63c$44a68a53$24136@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
> Rob, I think that's great news! And yes, do a "Mo-back."
>
> --
> Lubow
> "Rob Allen Returns" <robo@xxxxxxxxxxx> wrote in message
> news:Xns975C861F452F1robo@xxxxxxxxxxxxxxxx
>> Anyone in the U.S., don't read this!!!!
>>
>> The market(no nothings) are reading this as dilution therefore they have
>> sold it down-5.8% today.
>>
>> Someone in the know (ME) reads this as a REAL VOTE OF CONFIDENCE in the
>> company by smart money.
>>
>> If you haven't loaded the trucks yet, use this weakness to do just that.
>>
>> There is NO FOOL standing on top of this gold mine except YOU if you
>> don't own it!!!!
>>
>> US symbol=CLLZF
>>
>> CALGARY, ALBERTA--(CCNMatthews - Jan. 31, 2006) -
>>
>> Not for distribution to United States newswire services or for
>> dissemination in the United States
>>
>> Connacher Oil and Gas Limited ("Connacher")(TSX:CLL) announces that it
>> has entered into an agreement to sell to a syndicate of underwriters led
>> by GMP Securities L.P. and including Raymond James Limited, Dominick &
>> Dominick Securities Inc., PowerOne Capital Markets Limited, Jennings
>> Capital Inc., Octagon Capital Corporation, Bolder Investment Partners
>> Ltd. and Mustang Capital Partners Inc. (collectively "the Underwriters"),
>> 8,571,500 common shares at a price of $5.25 per common share to raise
>> aggregate gross proceeds of $45,000,375 on a bought deal basis. Connacher
>> has granted the Underwriters an option, exercisable in whole or in part
>> at any time prior to closing, to purchase up to an additional 5,714,300
>> common shares at the same offering price. Should the Underwriters' option
>> be exercised in full, the total gross proceeds of the offering would be
>> $75,000,450. Closing is expected to occur on or about February 23, 2006.
>> The common shares will be resold to accredited investors by way of
>> private placement and will be subject to a four month hold period from
>> closing.
>>
>> The net proceeds from the financing will be used to fund Connacher's
>> ongoing exploration and development activities, for general corporate
>> purposes including working capital and may be used to partially reduce
>> short-term indebtedness incurred to acquire Luke Energy Ltd.
>>
>> The securities offered have not been and will not be registered under the
>> United States Securities Act of 1933, as amended, and may not be offered
>> or sold within the United States or to, or for the account or benefit of,
>> U.S. persons absent registration or applicable exemption from the
>> registration requirements.
>>
>> Connacher is a Calgary-based oil and natural gas exploration and
>> production company. Its principal asset is its 100 percent ownership of
>> the Great Divide oil sands project in Alberta, where 110 sections (70,400
>> acres) of oil sands leases are held. The company also owns extensive
>> conventional acreage and oil production in southwest Saskatchewan.
>> Following the recent exercise of some outstanding warrants by third
>> parties, Connacher now owns approximately 33 percent (basic) of
>> Petrolifera Petroleum Limited (PDP - TSX), a Canadian public company
>> engaged in oil and natural gas exploration and production in Argentina
>> and Peru. Connacher has also agreed to acquire Luke Energy Ltd. and is
>> negotiating a binding agreement pursuant to which it is proposing to
>> acquire the refining assets of Montana Refining Company.
>>
>> FOR FURTHER INFORMATION PLEASE CONTACT:
>>
>> Connacher Oil and Gas Limited
>> Richard A. Gusella
>> President and Chief Executive Officer
>> (403) 538-6201
>> (403) 538-6225 (FAX)
>> inquiries@xxxxxxxxxxxxxxxx
>> www.connacheroil.com
>> © CCNMatthews
>>
>>
>>
>> --
>> When a true genius appears in the world, you may know him by this sign,
>> that all the dunces are in confederacy against him.
>>
>> Jonathan Swift
>
>


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Relevant Pages

  • Re: Connacher Oil and Gas Limited >>>
    ... > by GMP Securities L.P. and including Raymond James Limited, ... > common shares at the same offering price. ... > Connacher is a Calgary-based oil and natural gas exploration and ... > the Great Divide oil sands project in Alberta, where 110 sections (70,400 ...
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  • Re: CLL still loved by many---^^^ another 1% at the moment!
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