PHX has announced a bought deal totaling gross proceeds of $23.3 mm (8.625 mm shares). The issuance price was $2.70/share, which is a 5.6% discount to the June 8, 2016 closing price of $2.86/share. Concurrent with the bought deal, there will be a private placement of 0.55 mm shares to officers, directors, and employees and their associates, for proceeds of $1.5 mm.
09 Jun 2016
Announces Bought Deal and Concurrent Private Placement Totaling $24.8 mm
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Announces Bought Deal and Concurrent Private Placement Totaling $24.8 mm
PHX Energy Services Corp. (PHX:TSE) | 0 0 2.3% | Mkt Cap: 130.8m
- Published:
09 Jun 2016 -
Author:
Ian B. Gillies -
Pages:
5
PHX has announced a bought deal totaling gross proceeds of $23.3 mm (8.625 mm shares). The issuance price was $2.70/share, which is a 5.6% discount to the June 8, 2016 closing price of $2.86/share. Concurrent with the bought deal, there will be a private placement of 0.55 mm shares to officers, directors, and employees and their associates, for proceeds of $1.5 mm.