By Laura Lutz
Des Moines, Nov. 30 - Rio Vista Energy Partners LP negotiated a $4 million private placement of units, according to a news release.
The company said it has reached agreements to sell 355,556 common units to institutional investors for $11.25 per unit.
Proceeds will be used for working capital.
Based in Brownsville, Texas, Rio Vista is a master limited partnership focused on oil and gas exploration, production and transportation assets.
| Issuer: | Rio Vista Energy Partners LP
|
| Issue: | Units
|
| Amount: | $4 million
|
| Units: | 355,556
|
| Price: | $11.25
|
| Warrants: | No
|
| Pricing date: | Nov. 30
|
| Stock symbol: | Nasdaq: RVEP
|
| Stock price: | $14.45 at close Nov. 30
|
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