Perisson Petroleum Corporation (TSXV:POG) will look for acquisitions. The company has closed on a total of $2,185,000 of secured convertible debentures. The closing represents the first tranche of its previously announced $50,000,000 financing (the "Financings") represented by the issuance of secured debentures in series. The Company plans to use the proceeds from the series of Financings to acquire oil and natural gas properties in Alberta and will close on each tranche as needed for such acquisitions. The company is actively seeking to acquire producing oil and gas projects and is evaluating opportunities and collaborations to increase shareholder value.