EnerJex Resources Inc. (OTC: ENRJD) was approved to list on the NYSE MKT exchange, the company said June 13. Once the company lists there, it will stop trading on the OTC exchange, EnerJex noted.
It will list June 17, the company said. The common stock will list under the symbol “ENRJ,” while its Series A, 10% perpetual preferred stock will list under “ENRJPR,” the company added.
EnerJex is currently offering 400,000 of the Series A shares at $25 each.
In the offer, underwriters were granted a monthlong option to purchase 60,000 more, and Northland Capital Markets and Euro Pacific Capital were joint book-running managers, EnerJex said.
The offer’s net proceeds will support the development of oil and natural gas properties in Kansas and Colorado, and also support general corporate purposes, which might include paying credit facility debts, the company said.
San Antonio-based EnerJex Resources Inc. acquires and develops natural gas in the Midcontinent.
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