latest news releases from the newsroom
Gastar Exploration Ltd.
Gastar Exploration, Ltd. Announces Up to $40 Million Private Placement Offering of Working Interest in Four Well Deep Bossier Drilling Program
MT. PLEASANT, Mich., April 23, 2002 (PRIMEZONE) -- Gastar Exploration, Ltd. (TSE:YGA) today announced that, subject to regulatory approval, it will be offering working interests in a four well deep Bossier drilling program on the Company's East Texas Bossier natural gas assets. This arms length offering will be conducted through a private placement offering with the maximum offering being US$40,000,000 (CDN$62,892,000). In connection with the financing, a maximum of 20,000,000 warrants will be issued to subscribers on a pro-rata basis, with each warrant having a three year term entitling the holder to acquire one common share of Gastar during the 24th to 36th months from the date of issuance, at an exercise price equal to the five (5) day weighted average trading price of Gastar's common stock immediately prior to the initial investment. The working interests will bear interest at 10% per annum for the first 12 months following the purchase of the working interests.
Modern Times Group : RIX FM to be Broadcast on Aland
STOCKHOLM, Sweden, April 23, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), the international media group, today announced that RIX FM, Sweden's largest commercial radio network, is to begin broadcasting to the Aland Islands. The new venture is a cooperation with local media company, UI Media AB, which recently received a commercial radio broadcasting license for the Aland Islands.
Telia: Preliminary Earnings, January - March 2002
STOCKHOLM, Sweden, April 23, 2002 (PRIMEZONE) -- In connection with today's Annual General Meeting, Telia is releasing the following preliminary earnings for the first quarter of 2002. No further information will be released until May 6 when the quarterly report is published. First Quarter in Brief: