Melrose Resources Bond Offering to Raise 250 Million

Melrose Resources intends to make an offering to institutional investors of approximately 250 million Senior Subordinated Notes due in 2015. The notes will be senior subordinated unsecured obligations of the company.

The proceeds from the notes will be used to refinance the existing indebtedness of the company and will provide additional working capital to enable Melrose to support its projected exploration and development program.

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