Time To Buy Bankers Before The Next Run To $3.00

Tristone Is A believer In BNK Today What About You?

Its Time To Buy Average Down Or Add New...

 Look At The Large Crosses

T2009-06-01 12:51:59 2.38 0.16 200,000 18 Genuity 18 Genuity K 

T 2009-06-01 11:32:43 2.40 0.18 463,300 33 Canaccord 33 Canaccord K 

Bankers raises extra $4-million through overallotment

2009-05-25 08:14 ET - News Release

Mr. Abby Badwi reports

BANKERS PETROLEUM RAISES AN ADDITIONAL $4 MILLION THROUGH THE EXERCISE OF THE UNDERWRITERS OVER-ALLOTMENT OPTION

In connection with Bankers Petroleum Ltd.'s recently closed $40-million bought deal equity financing, the underwriters have fully exercised their overallotment option for an additional 2,285,800 common shares at a price of $1.75 per common share for total gross proceeds of $4,000,150. In total, the company raised $44,001,650 from the offering and the net proceeds will be used for the company's production and development activities at its Patos Marinza and Kucova oil fields in Albania, and for general corporate purposes.

The offering was co-led by Canaccord Capital Corporation and Thomas Weisel Partners Canada Inc. and included Macquarie Capital Markets Canada Ltd., BMO Nesbitt Burns Inc., Genuity Capital Markets, Tristone Capital Inc. and Raymond James Ltd.

Application has been made for the 2,258,000 common shares subject to the overallotment option, to be admitted to trading on the AIM Market of the London Stock Exchange and admission is expected to occur on June 1, 2009.

Subsequent to this transaction, the company has 207,798,605 common shares outstanding, 10,587,392 options to purchase common shares and 25,713,376 common share purchase warrants.

We seek Safe Harbor.

This is going to explode!

CURRENT RATING

http://www.cnbc.com/id/30242190

April 16 (Reuters) - * Genuity cuts Addax Petroleum to hold from buy * Genuity raises Vast Exploration to buy from hold * Genuity raises Addax Petroleum price target to C$33 from C$28 * Genuity raises Bankers Petroleum price target to C$3.20 from C$2.90 * Genuity raises Niko Resources price target to C$78 from C$65 * Genuity raises Petrominerales price target to C$12 from C$10.70 * Genuity raises Pacific Rubiales price target to C$7.80 from C$6.60 (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

GM dies, investors cheer

GM dies, investors cheer
David Berman
RTGAM






The United States racked up its third largest corporate failure on Monday, when General Motors Corp.  filed for bankruptcy protection - but investors were in a partying mood.

 U.S. stock index futures were up sharply with about 30 minutes before markets open, suggesting that stocks will blast off at the start of trading. Futures for the Dow Jones industrial average rose 112 points. Futures for the broader S&P 500 rose 16 points.

 In Europe, the U.K.'s FTSE 100 was up 1.4 per cent and Germany's DAX index was up 3 per cent in afternoon trading. In Asia, Japan's Nikkei 225 rose 1.6 per cent in overnight trading.

 The GM bankruptcy filing came as a relief to markets, since it appears to be unfolding in an orderly fashion. The U.S. government will end up with about a 60 per cent stake in the auto manufacturer, which claimed $82.3-billion (U.S.) in assets but $172.8-billion in liabilities. The only larger failures have been Lehman Brothers Holdings Inc. and WorldCom Inc.

 Meanwhile, investors were also treated to some good economic news. China's manufacturing sector - a decent barometer for global economic activity - expanded for the third straight month in May.

 As well, U.S. consumer spending fell just 0.1 per cent in April, better than the expected 0.2 per cent dip and a far shallower drop that the 0.3 per cent contraction in March.

 In Canada, the economy contracted by 5.4 per cent in the first quarter - a nasty number and the worst since 1991. However, it is considerably better than the 6.5 per cent contraction that economists had been expecting. The economy contracted by a revised 3.7 per cent in the fourth quarter.

 If that's not enough to kick-start the benchmark index on Monday, rising commodity prices should do it. In particular, crude oil rose above $68 a barrel, nearly $2 higher.

Copyright 2001 The Globe and Mail