Published on 12/30/2005 in the Prospect News PIPE Daily.
New Issue: Hallador concludes $4.16 million private placement of shares
By Sheri Kasprzak
New York, Dec. 27 - Hallador Petroleum Co. said it has completed a private placement for $4,164,971.
The company issued 1,893,169 shares at $2.20 each to Yorktown Energy Partners VI, LP.
Proceeds will be used to purchase a 32% interest in a private Michigan oil and gas exploration company from Yorktown.
Based in Denver, Hallador is an oil and natural gas exploration company.
| Issuer: | Hallador Petroleum Co.
|
| Issue: | Stock
|
| Amount: | $4,164,971
|
| Shares: | 1,893,169
|
| Price: | $2.20
|
| Warrants: | No
|
| Investor: | Yorktown Energy Partners VI, LP
|
| Settlement date: | Dec. 20
|
| Stock price: | $3.25 at close Dec. 20
|
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