By Sheri Kasprzak
New York, Oct. 3 - Dune Energy, Inc. said it has wrapped a private placement of stock for $6 million.
The company sold 3,243,243 shares at $1.85 each.
Sanders Morris Harris Inc. was the placement agent.
The proceeds will be used for the exploitation of its newly acquired interest in the Bayou Couba field in St. Charles, La. The rest will be used for property development and working capital.
Based in Houston, Dune is an oil and natural gas exploration and exploitation company.
| Issuer: | Dune Energy, Inc.
|
| Issue: | Stock
|
| Amount: | $6 million
|
| Shares: | 3,243,243
|
| Price: | $1.85
|
| Warrants: | No
|
| Placement agent: | Sanders Morris Harris Inc.
|
| Settlement date: | Oct. 3
|
| Stock price: | $2.01 at close Sept. 30
|
|
|
© 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.
