Emerald Oil plans to price $25 million public offer of common shares

Bookrunner Johnson Rice to raise funds for general corporate purposes

By Devika Patel

Knoxville, Tenn., Feb. 5 – Emerald Oil, Inc. said it will price a $25 million public sale of common stock with a $3.75 million greenshoe option.

Johnson Rice & Co. LLC is the bookrunner.

White Deer Energy LP may invest $15 million in this deal.

Proceeds will be used for working capital and for general corporate purposes.

Emerald is a Denver-based oil exploration and production company.

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