Prospect Global will price public offering of 17 million common shares

Bookrunner Roth Capital Partners helps raise funds for debt repayment

By Devika Patel

Knoxville, Tenn., Feb. 27 - Prospect Global Resources Inc. will sell 17 million common shares in its public sale, according to a Form S-1 filed Thursday with the Securities and Exchange Commission.

Roth Capital Partners, LLC is the bookrunning manager.

Proceeds will be used to extinguish the company's $125 million of senior secured debt with The Karlsson Group, for development of the Holbrook Project and general corporate purposes.

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

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