By Sheri Kasprzak
New York, Feb. 27 - Hallador Petroleum Co. said it settled a $7 million private placement.
The company issued 3,181,816 shares at $2.20 each to a group of investors led by Yorktown Energy Partners VI LP.
Yorktown bought $6 million of the offering.
Based in Denver, Hallador is an oil and natural gas exploration company.
| Issuer: | Hallador Petroleum Co.
|
| Issue: | Stock
|
| Amount: | $7 million
|
| Shares: | 3,181,816
|
| Price: | $2.20
|
| Warrants: | No
|
| Investor: | Yorktown Energy Partners VI LP (lead)
|
| Settlement date: | Feb. 22
|
| Stock symbol: | OTCBB: HPCO
|
| Stock price: | $3.20 at close Feb. 22
|
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