American Eagle Energy to price public sale of 2,056,408 common shares

Bookrunners Northland Securities, Euro Pacific Capital are assisting

By Devika Patel

Knoxville, Tenn., Oct. 9 - American Eagle Energy Corp. will price a public offering of 2,056,408 common shares, according to a preliminary prospectus supplement filed Wednesday with the Securities and Exchange Commission. The deal was announced as a sale of 12 million common shares with a 30-day greenshoe of 1.8 million additional shares on Oct. 1.

Northland Capital Markets and Euro Pacific Capital Inc. are the joint bookrunning managers.

Proceeds will be used for the company's capital budget and general corporate purposes, including working capital.

The oil and gas explorer is based in Littleton, Colo.

© 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.