ROGI – Radiant Oil & Gas, Inc. Completes $40.6 Million Credit Facility and Acquisition of Oil and Gas Properties in Louisiana and Mississippi

HOUSTON, Nov. 21, 2013 /PRNewswire/ — Radiant Oil & Gas, Inc. (OTC: ROGI) (”Radiant”) announced that it has completed the purchase of oil and gas properties located in Louisiana and Mississippi for approximately $19,000,000 in a combination of cash and Radiant shares. Radiant also announced the closing of a $40,600,000 senior credit facility arranged by WoodRock & Co. In addition to funding the cash portion of the acquisition, proceeds from the credit facility will allow Radiant to develop multiple re-entry, work-over and drilling opportunities on acquired acreage throughout south Louisiana and Mississippi.

http://www.publicwire.com/2013/11/21/rogi-radiant-oil-gas-inc-completes-40-6-million-credit-facility-and-acquisition-of-oil-and-gas-properties-in-louisiana-and-mississippi/