3P International Energy Corp. - 2010-10-12

Secured financing of up to C$5 million by the issuance of up to 12.5 million of its common shares, at a price of C$0.40 per share, offered on a non-brokered prospectus exempt basis. The proceeds will be used primarily for the development of 3P's Ukrainian energy assets, the evaluation of additional opportunities in that country and general working capital purposes.