Pennant Announces Closing of Private Placement and the Commencement of Drilling on the Mantario Oil Project

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Oct 16 2013	Pennant Announces Closing of Private Placement and the Commencement of Drilling on the Mantario Oil Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2013) - Pennant Energy Inc. (TSX VENTURE:PEN) ("Pennant" or the "Company") announces that it has completed its previously announced non-brokered private placement of 455 unsecured convertible debentures (each, a "Convertible Debenture") in the aggregate principal amount of $455,000 (the "Offering"). The Company also issued 9,100,000 share purchase warrants (each, a "Warrant"), with each Warrant entitling the holder to purchase one common share (each, a "Share") of the Company at a price of $0.05 per Share for a period of two years.


Source:http://www.marketwired.com/mw/release.do?id=1841326&sourceType=3

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