Canadian oil and gas explorer sells common stock at 24.24% discount
By Devika Patel
Knoxville, Tenn., Nov. 4 - Hyperdynamics Corp. completed a private placement of stock on Nov. 3, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 15 million common shares at $2.00 apiece for $30 million. The price per share represents a 24.24% discount to $2.64, the closing share price on Nov. 2.
Hyperdynamics is an oil and gas exploration and production company based in Sugar Land, Texas.
| Issuer: | Hyperdynamics Corp.
|
| Issue: | Common stock
|
| Amount: | $30 million
|
| Shares: | 15 million
|
| Price: | $2.00
|
| Warrants: | No
|
| Settlement date: | Nov. 3
|
| Stock symbol: | Amex: HDY
|
| Stock price: | $2.60 at close Nov. 3
|
| Market capitalization: | $284.54 million
|
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