Pacific Energy Development (NYSE MKT: PED) will offer common shares in an underwritten public offering, the company said Feb. 28.
Net proceeds will fund drilling operations, working capital and general expenses, the company said.
Roth Capital Partners LLC is sole book-running manager for the offering, and National Securities Corp., a wholly-owned subsidiary of National Holdings Inc. (OTC: NHLD) is the offering’s co-manager, the company said. .
Danville, Calif.-based Pacific Energy Development Corp. acquires and develops shale and natural gas onshore in the U.S., as well as in Asia. ...