Johnson Rice, Canaccord Genuity and Macquarie Capital are bookrunners
By Devika Patel
Knoxville, Tenn., Sept. 25 - Voyager Oil & Gas, Inc., doing business under the name of Emerald Oil, Inc., priced a $75 million public sale of common stock with a 15% greenshoe in a prospectus supplement filed Tuesday with the Securities and Exchange Commission. Plans for the deal were announced Sept. 10.
The company will sell 93.75 million common shares at $0.80 apiece. The price per share is a 10.11% discount to the Sept. 24 closing share price of $0.89.
Johnson Rice & Co. LLC, Canaccord Genuity Inc. and Macquarie Capital (USA) Inc. are the joint bookrunning managers. Global Hunter Securities, LLC and KLR Group are the co-managers.
Settlement is expected Sept. 28.
Proceeds will be used to repay debt, for the company's drilling and development expenditures and leasehold acquisitions and for general corporate purposes, including working capital.
Emerald is a Denver-based oil exploration and production company.
| Issuer: | Voyager Oil & Gas, Inc.
|
| Issue: | Common stock
|
| Amount: | $75 million
|
| Greenshoe: | $11.25 million
|
| Shares: | 93.75 million
|
| Price: | $0.80
|
| Warrants: | No
|
| Bookrunners: | Johnson Rice & Co. LLC, Canaccord Genuity Inc. and Macquarie Capital (USA) Inc.
|
| Announcement date: | Sept. 10
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Stock symbol: | NYSE MKT: EOX
|
| Stock price: | $0.89 at close Sept. 24
|
| Market capitalization: | $56.08 million
|
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