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Venoco files $500 million shelf covering debt, preferreds and stock
By Devika Patel
Knoxville, Tenn., April 29 - Venoco, Inc. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock, debt securities, guarantees and warrants, along with 2.5 million common shares to be sold by shareholders.
The securities may be structured as convertibles.
The company will use the proceeds for exploration, exploitation and development of properties, acquisition of oil and gas properties or of companies that own oil and gas properties, debt payments or reductions and other general corporate purposes.
Venoco is a Denver-based energy company.
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