Emerald Oil aims to price public offering of 10 million common shares

Canaccord Genuity, Johnson Rice have greenshoe of 1.5 million shares

By Devika Patel

Knoxville, Tenn., May 13 - Emerald Oil, Inc. said it will price a public offering of 10 million common shares with a 30-day greenshoe of 1.5 million additional shares.

Canaccord Genuity and Johnson Rice & Co. are the joint bookrunning managers.

Proceeds will be used to fund the capital budget in 2013 and for general corporate purposes, including working capital.

Emerald is a Denver-based oil exploration and production company.

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