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Sahara Energy Ltd.: First Closing of Private Placement and Change of Directors
CALGARY, ALBERTA– – Sahara Energy Ltd. announces that, further to its press releases dated June 8, 2010 and August 27, 2010, and its proposal dated June 4, 2010 pursuant to the Bankruptcy and Insolvency Act , the Corporation has undertaken steps to complete its debt restructuring and reorganization through the consolidation of its shares, closed the first tranche of its private placement …

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