From Earlier: Harvest Natural Resources Announces Closing of a $79.8 Million Term Loan Facility

Harvest Natural Resources, Inc.

today announced its sale of $79.8 million aggregate principal amount of 11% senior unsecured notes due October 11, 2014, and warrants to purchase up to 686,761 shares of its common stock with an exercise price of $10.00 per share.  The warrants can be exercised at any time up until the three-year anniversary of the closing.  If all of the warrants were exercised, the impact on dilution of the common shares outstanding would be 1.8%.