Sale arranged with Lazard Capital; offering concludes on Jan. 18, 2013
By Devika Patel
Knoxville, Tenn., Aug. 25 - Evergreen Energy, Inc. negotiated a $10 million at-the-market sales agreement with agent Lazard Capital Markets LLC on Aug. 24, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The sales will be conducted through Jan. 18, 2013.
Proceeds will be used for working capital and general corporate purposes, including debt service and for a portion of the payments due under the company's settlement agreement in the Cook & Bitonti litigation.
Evergreen Energy, based in Denver, refines coal into a cleaner solid fuel.
| Issuer: | Evergreen Energy, Inc.
|
| Issue: | At-the-market sales agreement
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| Amount: | $10 million
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| Tenor: | Jan. 18, 2013
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| Warrants: | No
|
| Agent: | Lazard Capital Markets LLC
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| Pricing date: | Aug. 24
|
| Stock symbol: | NYSE: EEE
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| Stock price: | $1.00 at close Aug. 24
|
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