Jura Energy Corporation
TSX : JEC

Jura Energy Corporation

May 27, 2013 06:21 ET

Jura Announces Closing of US$ 4 Million Debenture Placement

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - Jura Energy Corporation (TSX:JEC) ("Jura" or the "Corporation") announced today that it had completed the US$4 million private placement previously announced on May 9, 2013 (the "Offering").

Pursuant to the Offering, Jura has issued 4,000 units to subscribers. Each unit (a "Unit") is comprised of a US$ 1,000 11% secured subordinated debenture (a "Debenture") and 200 warrants (each a "Warrant") to purchase one common share in the share capital of Jura (a "Common Share") for $0.36 per common share, representing a 33% premium over the closing price of the Common Shares on the Toronto Stock Exchange on May 23, 2013, the day immediately preceding the closing. Jura additionally issued 50,000 Warrants to ARK Point Advisors FZE as partial consideration for acting as strategic and financial advisor for Jura in connection with the Offering.

About Jura:

Jura is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties in Pakistan. Jura is based in Calgary, Alberta, and listed on the TSX trading under the symbol JEC. Jura conducts its business in Pakistan through its subsidiaries Frontier Holdings Limited and Spud Energy Pty Limited.

Contact Information