Voyager Oil & Gas Inc. - 2010-09-23
Description
Closed on the issuance of $15 million principal amount of 12% senior secured notes. Proceeds from the notes will be used primarily to fund developmental drilling on acreage positions targeting the Denver-Julesberg Basin Niobrara formation through its joint venture with Slawson Exploration and the Williston Basin Bakken/Three Forks. The notes mature on September 17, 2011 and may be extended an additional year at the end of the initial term, at the option of Voyager.