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Emerald Oil Inc Announces Offering Of Common Stock

Monday, 23 Sep 2013 04:10pm EDT 

Emerald Oil Inc announced it intends to commence an underwritten public offering of 15,000,000 shares of the Company's common stock. The Company intends to use the net proceeds from this offering to accelerate development and growth plans, finance in whole or in part, the cost of leasing and acquisitions and finance capital expenditures and/or general corporate purposes. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. Credit Suisse is acting as the sole bookrunner for this offering. Canaccord Genuity and Johnson Rice & Company are acting as co-lead managers for the offering. 

Company Quote

0.09 +7.50%
19 Dec 2014