By Sheri Kasprzak
New York, July 6 - BPZ Energy, Inc. wrapped a private placement for $12,325,500.
The company sold 4,482,000 shares at $2.75 apiece, a 31.2% discount to the company's $4.00 closing stock price June 30, to eight institutional and accredited investors.
The offering was not brokered.
BPZ plans to use the proceeds to develop the Corvina and Albacora fields in northwestern Peru.
Houston-based BPZ is an oil and natural gas exploration and production company.
| Issuer: | BPZ Energy, Inc.
|
| Issue: | Stock
|
| Amount: | $12,325,500
|
| Shares: | 4,482,000
|
| Price: | $2.75
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Settlement date: | June 30
|
| Stock symbol: | Pink Sheets: BPZI
|
| Stock price: | $4.00 at close June 30
|
|
|
© 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.
