By Devika Patel
Knoxville, Tenn., Nov. 12 - Hyperdynamics Corp. said it will raise $1.5 million in a registered direct offering of stock.
The company will sell 1,578,948 common shares at $0.95 apiece.
Proceeds will be used for working capital and general corporate purposes.
Hyperdynamics is an oil and gas exploration and production company based in Sugar Land, Texas.
| Issuer: | Hyperdynamics Corp.
|
| Issue: | Common stock
|
| Amount: | $1.5 million
|
| Shares: | 1,578,948
|
| Price: | $0.95
|
| Warrants: | No
|
| Pricing date: | Nov. 12
|
| Stock symbol: | Amex: HDY
|
| Stock price: | $1.19 at close Nov. 10
|
| Market capitalization: | $91.8 million
|
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