New Issue: Far East negotiates $5.01 million registered direct offering of stock

By Devika Patel

Knoxville, Tenn., March 9 - Far East Energy Corp. said it plans a $5.01 million registered direct offering of stock.

The company will sell 11,655,116 common shares at $0.43 apiece. The investors also will receive warrants for an additional 4,662,046 shares, which are exercisable at $0.80 for five years.

Rodman & Renshaw, LLC is the agent.

Settlement is expected March 11.

Far East is a Houston-based natural gas company focused on coal-bed methane projects.

Issuer:	Far East Energy Corp.
Issue:	Common shares
Amount:	$5,011,700
Shares:	11,655,116
Price:	$0.43
Warrants:	For 4,662,046 shares
Warrant expiration:	Five years
Warrant strike price:	$0.80
Agent:	Rodman & Renshaw, LLC
Pricing date:	March 9
Settlement date:	March 11
Stock symbol:	OTCBB: FEEC
Stock price:	$0.50 at close March 8
Market capitalization:	$69.8 million

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