Jayhawk Energy, Inc. (OTC:JYHW) has announced that it has closed a $1.5 million debenture financing with numerous institutional investors. The financial will enable the company to proceed with the development of its Crosby, Ratcliffe formation. The formation is an oil pool in Northwestern North Dakota that the company acquired in 2008 from JED Oil.
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Jayhawk Energy Inc is engaged in the acquisition, exploration, development, production, and sale of natural gas, crude oil, and natural gas liquids. The company operates reservoirs in North America. The company also sells traditional ethnic and contemporary jewelry imported from Nepal and Thailand.
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