Archive for May, 2010

Excelsior Energy Announces Additional Non-Brokered Private Placement for Up to $6 Million

Excelsior Energy Limited (TSX VENTURE:ELE) reported that the company intends to complete an additional non-brokered private placement (the “$6m Private Placement”) of: (i) up to 10,416,667 units at a price of $0.48 per Unit for aggregate gross proceeds of up to $5.0 million; and (ii) up to 4,166,667 common shares at a price of $0.24 per Common Share for aggregate gross proceeds of up to $1.0 million.

Sun Cal Energy Acquires Ten Oil Infield Drill Sites

Sun Cal Energy, Inc. (PINKSHEETS: SCEY) reported that the company has entered into and completed the acquisition of all of the issued and outstanding shares of Clean Resources, Inc. a Nevada corporation, in exchange for 15,000,000 Restricted common shares of Sun Cal Energy, Inc.