Tom Brown Inc. - 2011-08-11
Description
The company has closed a $4.6 million equity private placement. Additionally, the company has received approval for a $6.0 million credit facility with the National Bank of Canada relating to Legend's previously announced non-binding letter of intent (LOI) with International Sovereign Energy Corp. (ISR) of Calgary, Alberta, Canada, to acquire all of ISR's interests in land and production in Canada for a purchase price valued at $17.0 million in a cash and shares transaction.