By Devika Patel
Knoxville, Tenn., Aug. 16 - Endeavour International Corp. negotiated a $10.17 million registered direct offering of stock, according to a prospectus supplement filed Monday with the Securities and Exchange Commission.
The company will sell 8,999,999 common shares at a price per share of $1.13, the Aug. 13 closing share price.
Cyan Partners, LP is the investor. There is no agent.
Proceeds will be used for general corporate purposes.
Endeavour is an oil and gas exploration company based in Houston.
Issuer: | Endeavour International Corp.
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Issue: | Common shares
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Amount: | $10.17 million
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Shares: | 8,999,999
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Price: | $1.13
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Warrants: | No
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Investor: | Cyan Partners, LP
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Pricing date: | Aug. 16
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Stock symbol: | Amex: END
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Stock price: | $1.15 at close Aug. 16
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Market capitalization: | $186.32 million
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