Anderson Energy Ltd. Completes $80 Million Private Placement.Business Editors & Energy Writers CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--May 1, 2002 Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic Energy Ltd., recently formed as a private oil and gas company, announces the completion of an initial $80 million private placement. The private placement was fully subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of and the proceeds will be used for oil and gas exploration, development and acquisition in western Canada
Western Canada, commonly referred to as the West . The Company has nine founders, eight of whom were previously employed by Anderson Exploration Ltd. as senior management and/or directors. Anderson Exploration Ltd. was acquired by Devon Energy Devon Energy Corporation (NYSE: DVN), headquartered in downtown Oklahoma City, Oklahoma, USA, is one of the world’s leading independent oil and gas exploration and production companies. Corporation in October 2001. The founders and their responsibilities with Anderson Energy Ltd. are outlined below:
J.C. Anderson Chairman
Brian H. Dau President and Chief Executive Officer
M. Darlene Wong Vice President, Finance and
Chief Financial Officer
Philip A. Harvey Vice President, Exploitation
Daniel F. Kell Vice President, Land
Michael C. Marshall Vice President, Exploration
David M. Spyker Vice President, Business Development
David G. Scobie Director
R.T. (Tim) Swinton Director
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