READING, Pa., Feb. 7, 2011 (GLOBE NEWSWIRE) -- Voyager Petroleum Inc. (Pink Sheets:VYGO) (Frankfurt:DXD), an emerging leader in eco–friendly processing, oil distribution and specialty recycling programs targeting the automotive service center industry, today announced it has secured $11 million in investment financing in the form of a $1 million convertible debenture and a $10 million stand-by letter of credit from Legendary Investments, LLC, a closely-held private equity firm, specializing in emerging growth companies, based in the Washington, DC metro area. Voyager CEO Vincent J. Smith stated, "With the Legendary Investment financing secured the Company will be able to expand its footprint in its business enterprise model. This is another step in achieving our goals and we're very pleased with our ability to deploy this financing in a such a way as to continue to enhance shareholder value."
Voyager Petroleum Secures $11 Million Investment Financing
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.