BRIEF-Madalena Energy enters into $20 mln bought deal financing

Jan 22 (Reuters) - Madalena Energy Inc MVN.V :

* Enters into $20 million bought deal financing

* Underwriters will purchase, on a bought-deal basis, 28.6 million common

shares at $0.70 per common share

* Says net proceeds will be used for further development of co's capital

expenditure program in Argentina and Alberta

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