Eco-Stim Energy conducts $5.8 million at-the-market offering of stock

FBR, MLV assist; deal funds capital expenditures, corporate purposes

By Devika Patel

Knoxville, Tenn., July 14 – Eco-Stim Energy Solutions Inc. negotiated a $5,801,796 at-the-market equity offering with agents FBR Capital Markets & Co. and MLV & Co. LLC on July 13, according to an 8-K and prospectus supplement filed Thursday with the Securities and Exchange Commission.

The agents will be paid a 5% commission.

Proceeds will be used for capital expenditures and general corporate purposes, which may include working capital.

The Houston-based oilfield services company is focused on reducing the ecological impact and improving the economic performance of the well stimulation process.

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