Potash Investing News » ALLANA CLOSES $2.5 MILLION FINANCING

ALLANA CLOSES $2.5 MILLION FINANCING

May 29, 2009 @ 9:22 am In Potash Company News

Allana Resources ^[1](CVE:AAA) announced that they have raised $2,542,149.90 million through the issuance of 18,830,740 units at a price of $0.135 per unit. Each unit also included a full warrant at $0.20.Company reports that proceeds will be used for ongoing exploration of Ethiopian Potash projects.

Click here for the full press release. ^[2]

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URL to article: http://potashinvestingnews.com/592-allana-closes-25-million-financing.html

URLs in this post:

[1] Allana Resources : http://potashinvestingnews.com/496-developing-world-class-potash-project-in-ethiopia.html

[2] Click here for the full press release.: http://www.allanaresources.com/docs//may252009.pdf