Orleans Energy Ltd. ("Orleans" or the "Company") (TSX:OEX) is pleased to announce that it has closed its previously announced bought deal equity financing (the "Financing"). Pursuant to the Financing, Orleans issued 9,091,000 common shares at a price of $2.20 per common share for total gross proceeds of $20,000,200 according to today’s Financing news updates on the homepage of the Stock Research Portal