FracRock International Announces Closing of Series A Preferred Stock Offering

New hydraulic fracturing company is now positioned for growth in the international oil and gas shale plays.

2012-02-06

BVI, February 06, 2012 (Press-News.org) Frac Rock International, Inc. today announced that it has completed its Series A Preferred Stock offering. The Company expects to utilize the proceeds of the offering for working capital and for general corporate purposes.

The Company's Chief Executive Officer, J. Christopher Boswell, stated "We are extremely pleased to have concluded this financing in such a timely manner. This financing, which was funded by some of the most knowledgeable energy investors in the industry, will allow the Company to continue building a world-class internationally focused well stimulation and pressure pumping operation. The Company's management team has over 100 years of combined experience in the international oilfield service business with a particular emphasis on hydraulic fracturing and we look forward to serving those expanding international markets."

Bjarte Bruheim, the Company's Executive Chairman added, "We expect to deploy some of the newest and most technologically advanced equipment and solutions available to the emerging international markets. Through a combination of geophysical solutions and modern hydraulic fracturing techniques, we believe our customers can enhance their economic returns from their respective land positions. We expect that specialized geophysical techniques will be utilized by our customers to better describe the target formation including the identification of "sweet spots" allowing for more optimal placement of fracturing stages. We look forward to discussing these opportunities with our customers."

The Company was represented in this transaction by Vinson & Elkins LLP while the Series A Preferred shareholders were represented by Mayer Brown LLP.

Frac Rock International, Inc., a British Virgin Islands company, is an oilfield service and technology company focused on providing the latest well stimulation and completion technologies to international unconventional markets currently being developed worldwide.

Website: http://www.fracrockintl.com

ELSE PRESS RELEASES FROM THIS DATE:

Oculus Capital Group Plans Phase II Development at University Village @ Slippery Rock ("UV@SR")

2012-02-06

Oculus Capital Group ("OCG"), a multifamily and student housing owner and developer, has announced plans to develop Phase II of University Village @ Slippery Rock ("UV@SR"), located one-eighth of a mile from Slippery Rock University in Slippery Rock, PA. Phase II will consist of 5 buildings totaling 44 units and 152 beds. The units will consist of three-bedroom, three-bathroom and four-bedroom, four-bathroom units. All units will be equipped with stainless steel appliances, brushed nickel fixtures, leather furniture, full-size washer and dryer, vinyl ...

Craigslist Buy Lands Director at Cinequest

2012-02-06

Craigslist, the go-to website for finding jobs, housing and deals, offered an unexpected opportunity for LA director Ryan Sage and Chicago writer Dale Zawada to realize their dream of making a movie. "Worth the Weight," the story of one man's quest to find love while on the challenging journey of major weight loss, will have its World Premiere at San Jose's Cinequest film festival Friday, March 2nd, capping off a year long production that began with a short post on Craigslist and culminating with the writer and director meeting in person for the first time at ...

The Container Store to Open Six New Locations in 2012, Including Firsts in Las Vegas and Long Island; Test ATHOME Program

2012-02-06

The Container Store, the nation's originator and leading retailer of storage and organization products, today announced it will open six locations in 2012, making this the largest real estate growth year in the company's history and bringing the company's store count to 59 by year's end. The new stores will generate more than 400 jobs with additional job growth planned across other areas of the retailer's business. The new stores will be located in Arlington, TX., Las Vegas, El Segundo, Calif., Peabody, MA., and Westbury, NY, with a sixth location still being finalized. ...

Birth after cancer treatment with removal and storage of ovary

2012-01-30

For the first time in Germany, a woman has given birth to a child after removal and preservation of tissue from one of her ovaries. This course of action was necessary to avoid infertility owing to chemo- and radiotherapy. Andreas Müller and his colleagues report the case in the current issue of Deutsches Ärzteblatt International (Dtsch Arztebl Int 2012; 109[1-2]: 8-13). The majority of young female patients who need radio- or chemotherapy for treatment of a tumor express concerns about fertility. The retransplantation of frozen (cryopreserved) ovarian tissue is an experimental ...

New therapeutic target to combat liver cancer discovered

2012-01-30

Researchers at CIC Biogune, the Cooperative Centre for Research into Biosciences and led by Dr. Maria Luz Martinez Chantar, have found a strong relationship between high levels of Hu antigen R (HuR) protein and the malignancy of Hepatocellular Carcinoma, through a novel molecular process in the investigation of this pathology and known as neddylation. The project provides new opportunities for making advances in the quest for personalised therapeutic applications in the treatment for Hepatocarcinoma. Hepatocellular Carcinoma (HCC) is the cause of most liver cancers, the ...

Study: Diabetes affects hearing loss, especially in women

2012-01-30

DETROIT – Having diabetes may cause women to experience a greater degree of hearing loss as they age, especially if the metabolic disorder is not well controlled with medication, according to a new study from Henry Ford Hospital in Detroit. Women between the ages of 60 and 75 with well-controlled diabetes had better hearing than women with poorly controlled diabetes, with similar hearing levels to those of non-diabetic women of the same age. The study also shows significantly worse hearing in all women younger than 60 with diabetes, even if it is well controlled. Men, ...

System to deliver organ transplant drug -- without harmful side effects

2012-01-30

A new system for delivering a drug to organ transplant patients, which could avoid the risk of harmful side effects, is being developed by scientists at the University of Strathclyde in Glasgow. The drug, cyclosporine (CsA), is widely used in transplant operations and helps prevent the patient's body rejecting the organ but it can cause adverse drug reactions, of which the most serious problems are kidney and liver damage, in the doses which are currently administered in the long term. The gap between a safe, effective dose of the treatment and a toxic dose is extremely ...

Muscling in on MS

2012-01-30

Multiple sclerosis (MS), a neurodegenerative disease, causes periodic attacks of neurologic symptoms such as limb weakness and mobility defects. And while MS patients' walking abilities and muscle strength are examined on a regular basis, doctors have yet to determine when the lower limb muscles begin to deteriorate. That's important because with earlier identification of mobility problems, doctors would be able to implement early intervention programs that could make all the difference for those with MS. Now, Dr. Alon Kalron and his fellow researchers from Tel Aviv ...

Cosmology in a Petri dish

2012-01-30

Scientists have found that micron-size particles which are trapped at fluid interfaces exhibit a collective dynamic that is subject to seemingly unrelated governing laws. These laws show a smooth transitioning from long-ranged cosmological-style gravitational attraction down to short-range attractive and repulsive forces. The study by Johannes Bleibel from the Max Planck Institute for Intelligent Systems in Stuttgart, Germany, and his colleagues has just been published in the journal EPJ E¹ . The authors used so-called colloidal particles that are larger than molecules ...

ASH opposes mandatory sickle cell trait screening for athletics, recommends training interventions

2012-01-30

(WASHINGTON, January 26, 2012) – The American Society of Hematology (ASH), the world's largest professional society concerned with the causes and treatment of blood disorders, today issued a policy statement opposing mandatory screening of athletes for sickle cell trait as a prerequisite to athletic participation and urging athletics programs to adopt universal preventive interventions in their training programs to protect athletes from exertion-related illness and death. ASH's position is in direct contrast to a policy enacted in 2010 by the National Collegiate Athletic ...

LAST 30 PRESS RELEASES:

ASH 2025: Antibody therapy eradicates traces of multiple myeloma in preliminary trial

ASH 2025: AI uncovers how DNA architecture failures trigger blood cancer

ASH 2025: New study shows that patients can safely receive stem cell transplants from mismatched, unrelated donors

Protective regimen allows successful stem cell transplant even without close genetic match between donor and recipient

Continuous and fixed-duration treatments result in similar outcomes for CLL

Measurable residual disease shows strong potential as an early indicator of survival in patients with acute myeloid leukemia

Chemotherapy and radiation are comparable as pre-transplant conditioning for patients with b-acute lymphoblastic leukemia who have no measurable residual disease