Offer sells 11.35 million shares at $7.20 apiece to TIAA Oil and Gas
By Devika Patel
Knoxville, Tenn., Aug. 6 - Triangle Petroleum Corp. settled an $81.72 million private placement of stock with TIAA Oil and Gas Investments, LLC on Aug. 6, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 11.35 million common shares at $7.20 apiece. The price per share is a 6.74% discount to the Aug. 5 closing share price of $7.72.
Calgary, Alta.-based Triangle Petroleum is an oil and gas exploration company.
| Issuer: | Triangle Petroleum Corp.
|
| Issue: | Common stock
|
| Amount: | $81.72 million
|
| Shares: | 11.35 million
|
| Price: | $7.20
|
| Warrants: | No
|
| Investor: | TIAA Oil and Gas Investments, LLC
|
| Settlement date: | Aug. 6
|
| Stock symbol: | NYSE: TPLM
|
| Stock price: | $7.72 at close Aug. 5
|
| Market capitalization: | $428.19 million
|
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