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Empire Energy Holdings plans to price initial public offering of stock
Bookrunner Maxim Group raises funds for drilling and acquisitions
By Devika Patel
Knoxville, Tenn., July 3 – Empire Energy Holdings, Inc. will price its initial public offering of common stock with a 45-day greenshoe, according to an S-1 filing made Thursday with the Securities and Exchange Commission.
Maxim Group LLC is the bookrunner.
Proceeds will be used for drilling, acquisitions, general capital expenditures and general corporate purposes.
The oil and natural gas exploration and production company is based in Canonsburg, Pa. The company expects its shares will trade on the Nasdaq under the symbol “EEH.”
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