Canacol Energy Ltd. has completed the first closing of its $1.5 million private placement financing. Canacol issued a total of 2.22 million units at a price of 17 cents per unit for gross proceeds of $377,238 in this initial closing Each unit issued pursuant to the private placement, consisted of one common share of the corporation and one half of one coi mon share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of 30 cents until July 2011.
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机译：Canacol Energy Ltd.已完成其150万美元私募融资的第一笔交易。 Canacol在本次初始交易中以每单位17美分的价格发行了总计222万个单位，总收益为377,238美元。根据私募发行的每个单位包括公司的一普通股和一普通股的一半。购买权证。截至2011年7月，每份认股权证均赋予持有人以30美分的价格购买一股普通股的权利。
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