EnerJex Resources Inc. - 2014-06-20
Description
Closed public offering of about 639.2 shares of 10% Series A cumulative redeemable perpetual preferred stock priced at $23.75 each. Underwriters purchased 83,368 shares. Net proceeds will support development of oil and natural gas properties in Kansas and Colorado, and support general corporate purposes including credit facility repayments. Northland Capital Markets and Euro Pacific Capital were joint book-running managers.