Black Diamond-led investors building stake in Cano Petroleum

By Lisa Kerner

Charlotte, N.C., Sept. 9 - Investors led by Black Diamond Offshore Ltd. and Carlson Capital, LP bought 469,418 shares of Cano Petroleum, Inc. between Aug. 22 and Sept. 5 at prices from $2.84 to $3.28 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

The investors beneficially own 3,324,218 shares, or 7.2%, of the Fort Worth, Texas-based oil and natural gas company.

On Aug. 25, Black Diamond and Carlson Capital reported the purchase of 2,854,800 Cano Petroleum shares and an initial 6.2% stake in the company.

© 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.