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Approach Resources files $150 million stock, preferreds, debt shelf
By Devika Patel
Knoxville, Tenn., Jan. 15 - Approach Resources Inc. filed a $150 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers common stock, preferred stock, depositary shares, warrants, rights, units and debt securities.
The securities may be structured as convertibles.
Proceeds will be used for general corporate purposes.
Approach Resources is a Fort Worth, Texas-based independent energy company.
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