Index Oil and Gas, Inc. (IXOG) Announces Closing of a $2.77M Private Placement; Appointment of New Senior Vice President of Exploration and Production
Index Oil and Gas (IXOG) has completed a private placement with gross proceeds of $2.77M and has appointed a Senior Vice President of Exploration and Production to direct the company’s expanding project portfolio. The investment is in the form of purchase of units at a price of $0.50 per unit comprising of one share of the company’s common stock and one Loyalty Warrant to purchase 0.50 shares of common stock at a purchase price of $0.50 per share. The Loyalty Warrant will not be exercisable until February 28, 2010, and only those investors who meet the requirements of the Warrant…