Arabella Exploration, Inc. (OTCPK:AXPL.F) announced that it has entered into subscription agreement for a private placement of 190,477 common shares at a price of $10.50 per share for gross proceeds of $2,000,008.5 on June 25, 2014. The transaction saw participation from Jason Hoisager, Chief Executive Officer of the company. Loeb & Loeb acted as legal advisor to the company.

On June 25, 2014, Arabella Exploration, Inc. closed the transaction.