Endeavour Raises Funds for 2010 Capex

Endeavour has entered into and closed a definitive agreement for the private placement of approximately 23.5 million newly-issued shares of common stock at a purchase price of $0.90 per share, for net proceeds of approximately $20.5 million. The net proceeds from this transaction will be used to partially fund Endeavour's 2010 capital budget.


Company: Endeavour International Corporation more info
 - Endeavour Halts Drilling Ops at East Rochelle (Feb 14)
 - Endeavour: Transocean Semisub Mobilized to Rochelle Field (Jan 07)
 - Endeavour CFO Resigns (Oct 29)