Energy Company News Directory

Uracan Resources Closes Private Placement, Raising $1.46 Million

Uracan Resources (TSXV:URC) announced it had closed a private placement of roughly 14.6 million flow through units for $876,200, 2.05 million non flow through units for $102,852 and 9.69 million non-flow through units for $484,500. The proceeds will be used to incur eligible Canadian exploration expenses and the non-flow through unit proceeds will be used for general working capital.

Paladin Energy Appoints Wendong Zhang as Director

Paladin Energy (TSX:PDN,ASX:PDN) announced on Tuesday that it had appointed Wendong Zhang as a non-executive director of the company. With 23 years of experience in financial services and international capital markets, Zhang was among the first generation Chinese bankers on Wall Street working with Morgan Stanley, UBS and Citi across New York, Hong Kong and Beijing.