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Emerald Oil aims to price public offering of 10 million common shares
Canaccord Genuity, Johnson Rice have greenshoe of 1.5 million shares
By Devika Patel
Knoxville, Tenn., May 13 - Emerald Oil, Inc. said it will price a public offering of 10 million common shares with a 30-day greenshoe of 1.5 million additional shares.
Canaccord Genuity and Johnson Rice & Co. are the joint bookrunning managers.
Proceeds will be used to fund the capital budget in 2013 and for general corporate purposes, including working capital.
Emerald is a Denver-based oil exploration and production company.
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