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Gas Natural Inc Announces Pricing Of Shelf Offering Of Common Shares

Thursday, 11 Jul 2013 08:42am EDT 

Gas Natural Inc announced the pricing of an underwritten public offering of 1,500,000 shares of its common stock at a price of $10.00 per share. The Company expects to use the net proceeds from this offering for capital expenditures, working capital and other general corporate purposes. The offering is expected to close on July 16, 2013 subject to customary closing conditions. The Company has granted the underwriter a 30-day option to purchase up to an additional 225,000 shares of common stock on the same terms and conditions to cover over-allotments, if any. Janney Montgomery Scott LLC will serve as sole book-running manager for the offering and BB&T Capital Markets and Wunderlich Securities will serve as co-managers. 

Company Quote

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26 Nov 2014