Alta Vista Securities announces successful close to $5M DPO of its "Alta Vista Companies Oil & Gas Fund I"
Mr. Steve Muehler, President of the Beverly Hills based Alta Vista Securities, today announced that the successful close of a $5 million dollar Direct Public Offering of "Alta Vista Companies Oil & Gas Fund I" Pre-IPO Common Stock.
- (1888PressRelease) September 19, 2011 - New York, N.Y - Mr. Steve Muehler of the New York based "Alta Vista Securities" is pleased to announce the successful close of it is "Direct Public Offering (DPO)" of ten million units of "Alta Vista Companies Oil & Gas Fund I" common stock. The planned $5M Million USD financing was more than 2 times oversubscribed. The Board of Directors at a meeting held on September 15th, 2011, have approved the issue of an additional Ten Million common stock shares pursuant to SEC Rules for Regulation S Securities offerings. The Additional ten million common stock shares will have a price of $0.50 USD per share, for a total gross proceeds of USD $10,000,000 to "Alta Vista Companies Oil & Gas Fund I".
Alta Vista Securities is currently awaiting the completion of a third party financial audit of "Alta Vista Companies Oil & Gas Fund I" to complete its submission for public listing and IPO on the Regulated Prime Segment of the German Frankfurt Stock Exchange, followed by planned "Dual Listings" on the Canadian TSX Venture Exchange and the London Stock Exchange's AIM Market. IPO for Alta Vista Companies Oil & Gas Fund I is currently slated for First Quarter 2012.
Mr. Steven J. Muehler, President of Alta Vista Securities stated, "The overwhelming success and subsequent listing on the Frankfurt Stock Exchange are two important milestones for Alta Vista Securities and Alta Vista Companies Oil & Gas Fund I. Alta Vista Companies Oil & Gas Fund I has applied for a public listings on the foreign markets to strengthen our international presence as well as strengthen our equity to finance both Oil & Natural Gas production activities in North and South America and to secure a broader shareholder base with a combination of quality institutional and private investors around the globe".
"The over-successful results of the DPO proves that it is a correct decision to seek a listing on a stock exchange, and I believe the listing will provide Alta Vista Companies Oil & Gas Fund I the sufficient equity to implement the development of its planned operations in both North and South America. With just the results of this DPO Offering, Alta Vista Companies Oil & Gas Fund I has strengthened the Fund's working capital and secured a position for further growth of the Fund's activities pre-IPO. We are enthusiastic about initiating the next phase of Alta Vista Securities and Alta Vista Companies Oil & Gas Fund I's development from a private company to a public company and bringing oil & gas production jobs back to the United States Workforce".
About Alta Vista Securities & Alta Vista Companies Oil & Gas Fund I.
Founded in 2008, Alta Vista Companies Oil & Gas Fund I operates in the entire upstream oil & gas sub-sector. In the exploration & production segment, we back independent players with a balanced portfolio of exploration and production assets. In the oilfield service segment, we partner with the businesses that are well positioned to take advantage of key industry drivers.
The Company's website can be viewed at:
http://www.altavistacompanies.com
To view a prospectus or for general inquiries, you may send an email to: LEGAL ( @ ) AltaVistaCompanies dot net
A registration statement relating to these securities has been, or will be in the very near future, filed with the German Frankfurt Stock Exchange but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of an "approved BaFin Investment Prospectus". When available, copies of the preliminary prospectus relating to the offering may be obtained for free, by contacting Alta Vista Securities Attn: Prospectus Department, 1501 Broadway (Times Square), 12th Floor, New York, NY 10036-5601, or by email at Legal ( @ ) AltaVistaCompanies dot net;
All trademarks and service marks are the property of the respective parties.
NEWS SOURCE: Alta Vista Companies Oil & Gas Fund I Corporation
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