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Double Eagle Petroleum Details Corporate Updates

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March 25, 2014

Double Eagle Petroleum Co. (NasdaqGS: DBLE) detailed several corporate updates March 25. The company will change its name to Escalera Resources Co., has appointed Charles F. Chambers as its new chairman and CEO and has raised more than $4 million in equity through a private placement of common stock.

The new name Escalera Resources Co. will become effective April 1, Double Eagle Petroleum said, adding that a new trading symbol for common stock will be ESCR, while preferred stock will trade under ESCRP.

The board of directors viewed the name ...

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