Caspian Energy Inc.
TSX : CEK

April 21, 2010 12:32 ET

Caspian Announces Non-Brokered Offering of Common Shares

TORONTO, ONTARIO--(Marketwire - April 21, 2010) -

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Caspian Energy Inc. (TSX:CEK) announces that it proposes to raise up to $3,000,000 by way of a non-brokered private placement of up to 15,000,000 common shares at a price of $0.20 per share. Closing is expected to occur on or about May 11, 2010 and is subject to receipt of approval of the Toronto Stock Exchange. A portion of the private placement is expected to be purchased by insiders of the Company. Proceeds from the private placement will be used for general corporate and working capital purposes.

Contact Information

  • Caspian Energy Inc.
    William Ramsay
    President and Chief Executive Officer
    447 73663 1378
    or
    Caspian Energy Inc.
    Brian Korney
    Chief Financial Officer
    (403) 513-3375