DENVER, June 20, 2013 (GLOBE NEWSWIRE) -- Recovery Energy, Inc. (Nasdaq:RECV), an independent oil and gas exploration and production company with operations and assets in the Denver-Julesburg Basin, announced today that it has entered into agreements with certain investors to issue in a private placement transaction $2.2 million of its 8% Senior Secured 2014 Convertible Debentures. Terms of these debentures are substantially identical to the terms of the Company's currently outstanding debentures, including a current conversion price of $4.25 per common share.
Recovery Energy Secures Funding Commitments For The Initial $2.2 Million Tranche Of Its Private Offering Of $5 Million Of Convertible Debentures
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