Company sells 5 million common shares at $2.00 per share in financing
By Devika Patel
Knoxville, Tenn., Aug. 13 - American Eagle Energy Corp. said it settled a $10 million direct offering of stock.
The company sold 5 million common shares at $2.00 per share. The price per share is a 16.96% premium to the Aug. 12 closing share price of $1.71.
Proceeds will be used for working capital, the company's 2013 capital budget and other general corporate purposes.
The oil and gas explorer is based in Littleton, Colo.
| Issuer: | American Eagle Energy Corp.
|
| Issue: | Common shares
|
| Amount: | $10 million
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| Shares: | 5 million
|
| Price: | $2.00
|
| Warrants: | No
|
| Settlement date: | Aug. 13
|
| Stock symbol: | OTCBB: AMZG
|
| Stock price: | $1.71 at close Aug. 12
|
| Market capitalization: | $81.61 million
|
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