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Longwei Petroleum files $50 million shelf for stock, preferreds, debt
By Devika Patel
Knoxville, Tenn., Dec. 13 - Longwei Petroleum Investment Holding Ltd. filed a $50 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock, warrants, debt securities and units, along with 12,887,383 common shares offered by selling shareholders.
The securities may be structured as convertibles.
Proceeds will be used for general corporate purposes.
Longwei is a Taiyuan City, China-based energy company.
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