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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Post by jim_nasium99on Oct 11, 2009 10:15pm
277 Views
Post# 16381326

Yuk

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Ecometals Ltd (2)(C-EC) -News Release

Ecometals completes first tranche for $2-million

2009-10-09 18:03 ET -News Release
Shares issued 48,542,085
EC Close 2009-10-09 C$0.415

Mr. Daniel Major reports

ECOMETALS LIMITED ANNOUNCES PRIVATE PLACEMENT FINANCING

Ecometals Ltd. has closed the first tranche of a non-brokeredprivate placement for up to 15,789,473 units at a price of 38 cents perunit for gross proceeds of up to $6-million. A total of 5,269,316 unitswere sold in this first tranche for gross proceeds of $2,002,340. Eachunit comprises one common share and one-half of one common sharepurchase warrant (each whole common share purchase warrant). Eachwarrant entitles the holder to purchase one common share of the companyat a price of 65 cents for a 24-month period, subject to the followingacceleration rights. If at any time prior to the expiry date of thewarrants, the closing price of the company's common shares is above 90cents per share for 20 or more consecutive trading days, the companymay give notice accelerating the expiry date of the warrants to 30 daysfollowing the date of such notice. The company may issue additionalsecurities representing the balance of the offering (or a portionthereof) prior to Oct. 26, 2009. The securities issued in this firsttranche are subject to a four-month hold period expiring on Feb. 10,2010.

Gross proceeds from the offering are expected to be used tofinance the Rio Zarza project's drilling costs, repayment ofoutstanding debt and for general corporate purposes.

The company will be paying finder's fees representing 6 percent of the gross proceeds raised from subscribers introduced to thecompany by its finders General Research GmbH and RK Equity CapitalMarkets LLC. The fees will be satisfied by a combination of cash andthe issuance of units at the placement price.

We seek Safe Harbor.

Ecometals Ltd (2)(C-EC) -News Release

Ecometals completes first tranche for $2-million

2009-10-09 18:03 ET -News Release
Shares issued 48,542,085
EC Close 2009-10-09 C$0.415

Mr. Daniel Major reports

ECOMETALS LIMITED ANNOUNCES PRIVATE PLACEMENT FINANCING

Ecometals Ltd. has closed the first tranche of a non-brokeredprivate placement for up to 15,789,473 units at a price of 38 cents perunit for gross proceeds of up to $6-million. A total of 5,269,316 unitswere sold in this first tranche for gross proceeds of $2,002,340. Eachunit comprises one common share and one-half of one common sharepurchase warrant (each whole common share purchase warrant). Eachwarrant entitles the holder to purchase one common share of the companyat a price of 65 cents for a 24-month period, subject to the followingacceleration rights. If at any time prior to the expiry date of thewarrants, the closing price of the company's common shares is above 90cents per share for 20 or more consecutive trading days, the companymay give notice accelerating the expiry date of the warrants to 30 daysfollowing the date of such notice. The company may issue additionalsecurities representing the balance of the offering (or a portionthereof) prior to Oct. 26, 2009. The securities issued in this firsttranche are subject to a four-month hold period expiring on Feb. 10,2010.

Gross proceeds from the offering are expected to be used tofinance the Rio Zarza project's drilling costs, repayment ofoutstanding debt and for general corporate purposes.

The company will be paying finder's fees representing 6 percent of the gross proceeds raised from subscribers introduced to thecompany by its finders General Research GmbH and RK Equity CapitalMarkets LLC. The fees will be satisfied by a combination of cash andthe issuance of units at the placement price.

We seek Safe Harbor.

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