New Issue: Delta Petroleum raises $100 million from private placement of shares

By Sheri Kasprzak

New York, Sept. 22 - Delta Petroleum Corp. said it has received agreements for a $100,000,233 private placement.

The company plans to issue 5,405,418 shares at $18.50 each to institutional investors.

The proceeds will be used to acquire assets from Savant Resources, LLC and to fund drilling on the company's properties.

JP Morgan Securities, Inc. and Coker, Palmer, Phillips & Mullen, Inc. are the placement agents.

Based in Denver, Delta Petroleum is an oil and natural gas exploration and development company.

Issuer:	Delta Petroleum Corp.
Issue:	Stock
Amount:	$100,000,233
Shares:	5,405,418
Price:	$18.50
Warrants:	No
Placement agents:	JP Morgan Securities, Inc. and Coker, Palmer, Phillips & Mullen, Inc.
Announcement date:	Sept. 22
Stock price:	$19.95 at close Sept. 22

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