Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
Red Mountain to issue common shares for 222,224 series A preferreds
By Jennifer Chiou
New York, May 13 - Red Mountain Resources, Inc. entered into agreements to issue 1,388,898 shares of its common stock in exchange for 222,224 shares of its 10% series A cumulative redeemable preferred stock, according to an 8-K filing with the Securities and Exchange Commission.
After the exchange, the company will have 254,463 of the preferreds outstanding with an aggregate redemption amount of $6.4 million.
Red Mountain is a Dallas-based oil and gas company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.