Harken Energy Raises Additional $1.2 Million Through Share Sale

Harken Energy Corporation (AMEX: HEC) negotiated and closed the sale of 345,374 shares from its existing holdings in subsidiary Global Energy Development PLC, raising approximately $1.2 million in new capital for Harken Energy.

The sale of Harken's Global Energy Development shares was conducted through private sales at market prices. As a result of this transaction Harken Energy now holds 21,905,142 shares or approximately 62.67% of Global Energy Development.