Agoracom: Small Cap Investment - Gale Force Petroleum

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gemoz

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GFP Gale Force Petr. the old ROE

posted on Jun 09, 2008 12:21PM

Resulting from the 1 for 8 reverse split of Rolland Energy, Gale Force Petroleum trades at the old equivalent, for now, around .55.

Let's hope Agoracom will tie in the old ROE data and posts to GFP.

With the Financing justy announced, shares should maintain their current level:

Gale Force Petroleum determines financing terms

MONTREAL, Jun 9, 2008 (Canada NewsWire via COMTEX) -- (Canada NewsWire)

Gale Force Petroleum Inc. (TSX-V: GFP, the "Corporation") has announced today that it expects to raise gross proceeds of $5 million through the issuance of Units, in a financing brokered by Becher McMahon Capital Markets Inc. Each Unit will be issued at a price of $0.50 and will consist of one common share of the Corporation and one half-warrant. Each warrant will entitle its holder to purchase one common share of the corporation for $0.70 for a period of two years following the closing of the financing. The common shares and warrants will be subject to a four-month hold period. The financing is subject to TSX Venture Exchange and other customary regulatory approvals. ...''