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Me7taj rayek eb hal news regarding PGPM.PK
Last Trade: 0.065
Trade Time: 3:45PM ET
Change: 0.005 (8.33%)
Prev Close: 0.06
Open: 0.065
Bid: N/A
Ask: N/A
1y Target Est: N/A
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IRVING, Texas--(BUSINESS WIRE)--June 19, 2006--Pilgrim Petroleum Corporation (Pink Sheets
GPM - News), an independent oil and gas company, announced today that the company has agreed to sell 11 million shares of its common stock to Energy Source Private Equities Fund from Toronto, Canada and TJ Management Group with offices in Texas, New York, California, at an average 10 cents per share for a total of $500,000. Both companies are Institutional Investors on the Energy sector, which is a positive opportunity for Pilgrim Petroleum to qualify additional large Investment Institutions once it begins fully reporting.
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Rafael Pinedo, Pilgrim Petroleum President and CEO said, "Great value and confidence bring Institutional Investors to any public corporation, we are pleased to have these groups on board."
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Me7taj rayek eb hal news regarding PGPM.PK
Last Trade: 0.065
Trade Time: 3:45PM ET
Change: 0.005 (8.33%)
Prev Close: 0.06
Open: 0.065
Bid: N/A
Ask: N/A
1y Target Est: N/A
--------------------------------------------------------
IRVING, Texas--(BUSINESS WIRE)--June 19, 2006--Pilgrim Petroleum Corporation (Pink Sheets
GPM - News), an independent oil and gas company, announced today that the company has agreed to sell 11 million shares of its common stock to Energy Source Private Equities Fund from Toronto, Canada and TJ Management Group with offices in Texas, New York, California, at an average 10 cents per share for a total of $500,000. Both companies are Institutional Investors on the Energy sector, which is a positive opportunity for Pilgrim Petroleum to qualify additional large Investment Institutions once it begins fully reporting.ADVERTISEMENT
Rafael Pinedo, Pilgrim Petroleum President and CEO said, "Great value and confidence bring Institutional Investors to any public corporation, we are pleased to have these groups on board."
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