American Eagle Energy plans public offer of 10 million common shares

Johnson Rice, Northland, Euro Pacific, Canaccord and Wunderlich assist

By Devika Patel

Knoxville, Tenn., March 10 - American Eagle Energy Corp. will price a public offering of 10 million common shares with a 30-day greenshoe of 1.5 million additional shares. The deal will price concurrently with a 1 for 4 reverse stock split.

Johnson Rice & Co. LLC is the bookrunning manager. Northland Capital Markets and Euro Pacific Capital are senior co-managers. Canaccord Genuity and Wunderlich Securities are the co-managers.

Proceeds will be used to acquire a portion of the company's JV partner's interests in its acreage and wells in the Spyglass Area, for the company's capital budget for 2014 and for general corporate purposes, including working capital and additional leasehold acquisitions.

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

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