Evolution Petroleum Corp. - 2011-06-29
Description
The company has priced an underwritten public offering of 220,000 shares of its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock (liquidation preference of $25.00 per share) at a public offering price of $23.00 per share. The effective current yield of the 8.5% Series A Cumulative Preferred Stock is 9.24%.
McNicoll, Lewis & Vlak LLC is acting as book running manager for the offering.