By Sheri Kasprzak
New York, June 27 - EnerJex Resources, Inc. closed another $2.7 million tranche of a private placement of senior secured debentures with stock.
The 10% debentures have a three-year term.
The investors received 2.7 million common shares along with the debentures.
The debentures may be prepaid at par plus interest at any time.
C.K. Cooper & Co. was the placement agent.
Proceeds will be used for the acquisition and development of oil and gas assets. The rest will be used for general corporate purposes.
Located in Overland Park, Kan., EnerJex is an oil and natural gas exploration and development company.
| Issuer: | EnerJex Resources, Inc.
|
| Issue: | Senior secured debentures, stock
|
| Amount: | $2.7 million
|
| Maturity: | Three years
|
| Coupon: | 10%
|
| Price: | Par
|
| Yield: | 10%
|
| Call: | May be prepaid any time at par plus interest
|
| Warrants: | No
|
| Shares: | 2.7 million
|
| Placement agent: | C.K. Cooper & Co.
|
| Settlement date: | June 27
|
| Stock symbol: | OTCBB: EJXR
|
| Stock price: | $1.25 at close June 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
