Emerald Oil Inc. - 2013-05-17
Description
Priced an underwritten public offering of 12 million shares of common stock at $6.10 per share with an option to purchase up to 1.8 million additional shares. Net proceeds will be used to fund its capital budget in 2013 and for general corporate purposes including working capital. Canaccord Genuity Inc. and Johnson Rice & Co. LLC are joint book-running managers. Global Hunter Securities LLC and SunTrust Robinson Humphrey Inc. are co-managers.