Pryme Oil And Gas Limited (ASX:PYM) Placement And Rights Issue

  Brisbane, Australia, Aug 31, 2010 - (ABN Newswire) - Pryme Oil and Gas Limited (ASX:PYM) (OTCQX:POGLY) ( & quot;Pryme or the Company & quot;) has raised A & #36;1,700,000 by way of a private placement and is pleased to announce a 1 for 8 non-renounceable rights issue providing the opportunity for eligible shareholders to acquire additional shares in the Company. & quot;Drilling of the first well, the Deshotels 20-H No.  

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