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FX Energy Inc. Prices Common Stock Offering

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July 14, 2014

FX Energy Inc. (NASDAQ: FXEN) priced a public offering of 800,000 common shares of its 9.25% Series B cumulative, convertible preferred stock at $25 per share, the company said July 10.

Stockholders may convert shares into common stock at a $5 per share conversion price, the company said.

Underwriters were granted a monthlong option to purchase additional stock to cover overallotments, FX Energy said.

Gross proceeds of about $20 million will fund seismic and drilling costs for operations in Poland’s Tuchola prospect, where the company has full working interest in ...

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