Energy Hunter plans to conduct initial public offering

Company also settles $3.15 million oversubscribed placement of stock

By Devika Patel

Knoxville, Tenn., July 14 – Energy Hunter Resources, Inc. said it plans to price its initial public offering.

The company also said it has completed an oversubscribed private placement of 3.15 million common shares for about $3.15 million. The deal priced for $2.5 million.

Chairman and chief executive officer Gary C. Evans participated for 10% of the offering.

Proceeds from the placement were used to acquire two lease acreage blocks in Texas. Remaining proceeds will be used for general corporate purposes.

The oil-focused energy company is based in Dallas.

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