ZaZa Energy's CEO acquired 1.5 million shares worth $1.38 million in a private placement of common stock. The money will be used to fund acreage acquisitions in the company's eastern Eagle Ford and Eaglebine regions. [sws_blue_box box_size="630"]Todd Brooks, CEO of ZaZa stated, "ZaZa is poised for growth and I make this investment with an expectation of value creation through stock price appreciation over time. Proceeds from this transaction will be used for additional acreage acquisition in our core Eaglebine/Eagle Ford East development area." [/sws_blue_box]
Other notable events for ZaZa in 2013 include:
Read the full press release at zazaenergy.com