Emerald Oil Inc. (NYSE: EOX) completed the underwritten public offering of 15 million shares of common stock sold at $6.70 per share.
The underwriters exercised their over-allotment option of some 2.3 million additional shares. The resulting net proceeds to the company after deducting underwriting discounts, commissions and other expenses were $109.7 million.
Net proceeds will be used to accelerate development and growth plans, finance in whole or in part, the cost of leasing and acquisitions and finance capital expenditures, and general corporate purposes.
Credit Suisse was sole book-runner. Canaccord Genuity ...