Brownstone Announces Financing Increase

email Email  Print Print  PDF PDF
Mon, Mar 15, 2010
Oil & Gas Company News
Oil and Gas Researcher

Brownstone Ventures Inc. (TSX VENTURE:BWN) reported that the company has increased the size of its proposed non-brokered financing as a result of investor interest to up to 17,000,000 units at a price of $0.55 per Unit for aggregate gross proceeds of up to $9,350,000.

The press release is quoted as saying:

Brownstone Ventures Inc. is a Canadian-based, energy focused investment company with equity interests and direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah; 295km2 in the Assam/Arakan Basin, Northeast India; 253,000 acres in Rio Negro, Argentina; interests in several projects in Brazil; a 50% interest in approximately 300,000 hectares in the Quėbec Lowlands; a 15% participating interest in two off-shore Israel oil and gas blocks; and is earning interests (14-35%) in 4 Colombian blocks in the Llanos basin.

Click here to access the entire press release

Click here to access Brownstone Ventures Corporate Site

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Oil and Gas Investing News' Comment Policy?
Oil and Gas Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Oil and Gas Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Oil and Gas Price Chart
Asides

  • OilandGasInvestingNews.com maintains a focus on oil and gas exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

  • For upcoming oil and gas investing trade shows, see the following links: Oil Sands Technology Show,

  • The Oil and Gas Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information