Medora Resources Inc.

October 28, 2005 16:21 ET

Medora Resources Inc. Announces Closing of $33m Private Equity Financing

CALGARY, ALBERTA--(CCNMatthews - Oct. 28, 2005) - Medora Resources Inc. ("Medora" or the "Company") is pleased to announce the closing of a private placement equity financing for $33 million. CAMCOR Capital Inc., JOG Capital Inc. and KERN Energy Partners I Fund acted as joint leads in the equity financing. The net proceeds of the financing will be used to fund Medora's exploration, development and acquisition activities in southeast and southwest Saskatchewan. Resource Capital Partners Inc. advised Medora on the financing.

Medora Resources Inc. is a private oil and gas exploration, development and production company located in Calgary, Alberta.

Contact Information

  • Medora Resources Inc.
    Dean Potter
    President & CEO
    (403) 240-1277