EnerJex Resources Inc. - 2014-06-03
Description
Opened public offering of 400,000 shares that were priced at $25 each. They were 10% Series A, cumulative, redeemable, perpetual preferred stock. Net proceeds will support development of oil and natural gas properties in Kansas and Colorado. They will also support general corporate purposes, which might include paying credit facility debts. Northland Capital Markets and Euro Pacific Capital are joint book-running managers.