Texon Petroleum Limited (ASX:TXN) Capital Raising Successfully Completed And First Horizontal Eagle Ford Well Drilling E

  Brisbane, Australia, June 29, 2010 - (ABN Newswire) - Texon Petroleum Limited (ASX:TXN) announces that it has successfully completed a placement of 40.6 million shares to sophisticated and institutional investors at an issue price of A & #36;0.35 per share to raise approximately A & #36;14.2million. The price represents a discount of 12.3% to the 5 day average price of the Company's shares traded prior to the Company requesting a trading halt.  

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