Vitruvian Exploration LLC - 2010-12-17

Closed a private offering of aggregate principal amount senior secured notes due 2015. The notes will bear interest at a rate of 12% and are secured by assets securing Vitruvian's amended revolving credit facility. Vitruvian is using the net proceeds from to pay debt, to fund a portion of planned capital expenditures for lease acquisitions and drilling in 2011 and 2012 and for general corporate purposes.