Bontan Raises $7.5 Million for Israel Exploration

Source: RigZone Bontan has closed its previously announced non brokered private placement financing, pursuant to which it has issued 37,750,000 Units at a price of US $0.20 per Unit to raise aggregate gross proceeds of US $7,550,000. Each Unit consists of one common...

Bontan partners with Israeli investors

Bontan Corporation partners with major Israeli investors to raise $16 million of new capital for Israel offshore natural gas exploration project. TORONTO, March 26 /PRNewswire-FirstCall/ – Bontan Corporation Inc. (OTCBB: BNTNF) is pleased to announce that it and...

Canada’s Bontan moves into Israel

TORONTO, Nov. 24 (UPI) — Canada-based Bontan Corp. Inc. announced the indirect acquisition of exploration and drilling licenses in the Levantine Basin off the coast of Israel. Bontan said the two drilling licenses and one exploration permit cover a total area of...