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 Announces Two More Huge Israeli Gas Fields

Canada’s Bontan Corporation Inc. (Bulletin Board: BNTNF) subsidiary Bontan Oil and Gas Exploration today announced that its Mira and Sarah prospects offshore from Israel have up to 6 trillion cubic feet of natural gas, worth up to $7.54 billion, at current prices. The...