Galleon Announces $40 Million Financing

From: CCNMatthews Newswire | Date: October 20, 2006 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Oct. 20, 2006) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Galleon Energy Inc. ("Galleon")(TSX:GO.A)(TSX:GO.B) announces that it has entered into a financing agreement with an underwriting syndicate led by GMP Securities L.P., and including Sprott Securities Inc., Scotia Capital Inc., TD Securities Inc., FirstEnergy Capital Corp., and Maison Placements Canada Inc. to issue on a "bought deal basis" 1,025,700 Class A shares ("Class A Shares") at $19.50 each and 800,000 Class A Shares on a flow through basis ...

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