Black Diamond, Carlson Capital report 6.2% stake in Cano Petroleum

By Lisa Kerner

Charlotte, N.C., Aug. 25 - Investors led by Black Diamond Offshore Ltd. and Carlson Capital, LP bought 2,854,800 shares of Cano Petroleum, Inc. for an initial 6.2% stake in the company.

The shares were acquired between June 26 and Aug. 21 at prices from $2.82 to $8.00 each, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

Cano Petroleum is a Fort Worth, Texas-based oil and natural gas company.

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