Published on 5/26/2005 in the Prospect News PIPE Daily.
New Issue: Energy West sells $2.3 million stock
New York, May 26 - Energy West, Inc. said it sold $2.3 million of stock in a private placement.
The company issued 287,500 shares at $8.00 per share.
Energy West is a Great Falls, Mont., natural gas, propane and energy marketing company serving the Rocky Mountain states. It will use proceeds to reduce debt, improve its balance sheet and grow its business.
Issuer: | Energy West, Inc.
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Issue: | Stock
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Amount: | $2.3 million
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Shares: | 287,500
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Price: | $8.00
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Warrants: | No
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Announcement date: | May 26
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Stock price: | $8.15 at close May 26
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