Prospect Global reports it plans to price public sale of equity units

Deal sells units of one common share and two warrants via Roth Capital

By Devika Patel

Knoxville, Tenn., June 20 - Prospect Global Resources Inc. will price a public offering of units with a greenshoe, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.

The units will consist of one common share and two warrants. The warrants will be exercisable for five years and 90 days.

Roth Capital Partners is the underwriter.

Proceeds will be used for development of the Holbrook Project, including a definitive feasibility study, to make mandatory repayments of debt and for general corporate purposes.

Based in Denver, Prospect Global is a resource exploration company.

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