03:35 PM EST - Bengal Energy : announced the closing of its previously announced non-brokered private placement of 8,000 units of the Company at a price of $1,000 per Unit for aggregate gross proceeds of $8.0 million. The proceeds from the Private Placement will be used to fund the Company's previously announced purchase of an additional 5.357% interest in its key property, Cuisinier, located in the Cooper-Eromanga Basin in Queensland, Australia. Following closing of the acquisition, Bengal's net production participation will increase by more than 20%. Bengal Energy
shares T.BNG are trading unchanged at $0.69.
