Breaking News


BNK Petroleum Inc. receives additional $2 million pursuant to exercise of over-allotment option and appoints new director

 BNK Petroleum Inc. receives additional $2 million pursuant to exercise of  over-allotment option and appoints new director  CAMARILLO, CA, April 11, 2014 /CNW/ - BNK Petroleum Inc. (the "Company" or  "BNK") (TSX: BKX) is pleased to announce that the syndicate of underwriters  led by Macquarie Capital Markets Canada Ltd. and including GMP Securities  L.P., TD Securities Inc., and Cormark Securities Inc. has exercised its  over-allotment option to purchase an additional 900,000 common shares of the  Company at a price of $2.20 per share for gross proceeds of $1,980,000.  The  over-allotment option was granted to the Underwriters in connection with the  previously announced bought-deal, short form prospectus offering which closed  on March 26, 2014.  The Company is also pleased to announce that Mrs. Leslie O'Connor has been  appointed as a new director of the Company.  Mrs. O'Connor is the Managing  Partner of MHA Petroleum Consultants LLC, a petroleum reservoir management  consulting firm.  Mrs. O'Connor has more than 30 years of worldwide petroleum  engineering experience, including property evaluation, reservoir and economic  evaluations, petrophysical studies and expert witness testimonies. Mrs.  O'Connor also held positions with Sproule Associates Inc, Geoquest Reservoir  Technologies, Thums Long Beach Company and Dresser Atlas.  She is a member of  the Society of Petroleum Engineers where she is the recipient of the 2014 SPE  Regional Service Award, the SPE 1995 Regional Service Award as well as the  1990 Denver Section Service Award.  She has an extended BSc Geology with  Applied Engineering degree from North Arizona University as well as Graduate  Studies in Petroleum Engineering from the Colorado School of Mines.  Ford Nicholson, Chairman of the Board commented "We are very pleased to have  someone of Leslie's caliber and experience join our team. I believe her  experience will be a tremendous benefit to our Company and its stockholders.   We are very excited to welcome Leslie to our Board of Directors."  About BNK Petroleum Inc.  BNK Petroleum Inc. is an international oil and gas exploration and production  company focused on finding and exploiting large, predominately unconventional  oil and gas resource plays. Through various affiliates and subsidiaries, the  Company owns and operates shale oil and gas properties and concessions in the  United States, Poland and Spain. Additionally the Company is utilizing its  technical and operational expertise to identify and acquire additional  unconventional projects. The Company's shares are traded on the Toronto Stock  Exchange under the stock symbol BKX.    SOURCE  BNK Petroleum Inc.  Wolf E. Regener +1 (805) 484-3613  To view this news release in HTML formatting, please use the following URL:  CO: BNK Petroleum Inc. ST: California NI: OIL NEWSTK 2575 WNEWS  
Press spacebar to pause and continue. Press esc to stop.