Wpx Energy Inc : Preferred holders agreed to convert aggregate of 2.2 million shares of preferred stock into 10.2 million shares of co common stock in conversion . Entered into conversion agreements with certain existing beneficial owners of its 6.25 pct series a mandatory convertible preferred stock .Company has agreed to make an aggregate cash payment to preferred holders in an amount expected to be approximately $9 million.
Comstock Resources Inc : Number of authorized shares of company's common stock will be decreased from 250 million to 50 million . Comstock Resources Inc says number of outstanding shares will be reduced from approximately 62.5 million to approximately 12.5 million .Comstock Resources, Inc. Announces 1 for 5 reverse stock split.
Faroe Petroleum Plc :Total of 88.5 million new shares in faroe were placed, raising gross proceeds of £62.0 million at a price of 70 pence per placing share.
Laredo Petroleum Inc : Files to offer 12 million shares of its common stock - SEC filing .Says intends to use the net proceeds from the offering to repay borrowings under its senior secured credit facility.
Transatlantic Petroleum Ltd : Says it has sold $3.8 million in equity financing - SEC Filing Source - http://bit.ly/29Ocfwo Further company coverage: [TNP.TO] (Bengaluru Newsroom; +1 646 223 8780).
Savannah Petroleum Plc : Proposed placing of new ordinary shares to raise approximately us$40 million . Part of proceeds are intended to be used to recommence ground operations on company's assets in H2 2016 Further company coverage: [SAVP.L].
Abraxas Petroleum Corp :Files for mixed shelf of upto $200 million - SEC Filing.
Cassandra Oil AB : Carries out rights issue . Rights issue to generate proceeds of up to 22.6 million Swedish crowns ($2.72 million) . Subscription price for each new share shall be 1.50 crown . Proceeds to be used for strengthening the company's financial position and further development of the company's products . Issue is fully guaranteed by Gabrielsson Invest AB, Invium Partners AB, Gryningskust Holding AB and major shareholder Anders Olsson .Subscription period to run from June 23 to July 7.
Synergy Resources Corp : On June 14, 2016, co entered into note purchase agreement with two institutional investors - SEC filing . Synergy issued and sold to investors $80 million aggregate principal amount of its 9.00 pct senior unsecured notes due 2021 Source: (http://1.usa.gov/24Pa8u5 ) Further company coverage: [SYRG.A] (Bengaluru Newsroom: +1 646 223 8780).