Canacol energy limited company reported that the company has closed the over-allotment option on its previously announced bought trade equity funding

The press release is quoted as saying:

The cyberspace issue from this offer will be used to fund seismic acquisition and drilling of geographic expedition oil-infield-drill-site/”>H. G. Wells on the Corporation’s heavy oil block in Colombia, including the newly acquired Cedrela E&P contract, the drilling of a second onshore Guyana geographic expedition well on the Corporation’s Takutu block, the acquisition of new exploration block in the June 2010 Colombia command round, the refund of a part or all of the Corporation’s debt, and general corporate purposes.

chink here to accession the stallion press release