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Royale Energy will conduct $10 million at-the-market stock offering
Roth is the agent; deal funds oil, natural gas property acquisitions
By Devika Patel
Knoxville, Tenn., April 4 - Royale Energy, Inc. negotiated a $10 million at-the-market offering of common stock, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.
Roth Capital Partners, LLC is the agent and will be paid a 3% commission.
Proceeds will be used to acquire and develop oil and natural gas properties and for working capital.
The San Diego company is an independent oil and natural gas producer.
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