New Issue: Miller Petroleum sells $5.02 million of stock via private placement

By Devika Patel

Knoxville, Tenn., April 1 - Miller Petroleum, Inc. completed a $5.02 million private placement of shares on April 1, according to an 8-K filed Thursday with the Securities and Exchange Commission. The deal priced March 26.

The company sold 1,433,429 common shares at $3.50 apiece.

Investors also received warrants for 716,716 shares, which are exercisable at $5.28 for five years.

The oil and natural gas producer is based in Huntsville, Tenn.

Issuer:	Miller Petroleum, Inc.
Issue:	Common shares
Amount:	$5,017,002
Shares:	1,433,429
Price:	$3.50
Warrants:	For 716,716 shares
Warrant expiration:	Five years
Warrant strike price:	$5.28
Pricing date:	March 26
Settlement date:	April 1
Stock symbol:	OTCBB: MILL
Stock price:	$5.28 at close March 26
Market capitalization:	$116 million

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