• Alvopetro completed the second tranche of a $5.0 million non-brokered private placement of up to 20 million common shares at $0.25 per share. The company raised $575,000 by issuing 2.3 million shares, bringing the total raised so far to $2.0 million. Proceeds will be used for working capital and to finance the company's operations in Brazil. Alvopetro, formerly Fortress Energy, sold the majority of its Canadian oil and gas assets in 2010 to......
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