Empire Petroleum Announces Record Date for Proposed Rights Offering
Empire Petroleum Corporation (EP)
Company Research
Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on September 30, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $10 million. The Company will distribute at no charge to holders of its common stock, par value $0.001 per share (“Common Stock”), as of the close of business on the Record Date one subscription right for each share of Common Stock held. Each subscription right will entitle the holder to purchase 0.063 shares of Common Stock at a subscription price of $5.05 per share. If fully subscribed, this would result in the issuance of an aggregate of approximately 1.98 million shares of Common Stock. The subsc
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News
- Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational UpdatesBusiness Wire
- Empire Petroleum Announces Full Subscription of Rights OfferingBusiness Wire
- Empire Petroleum Announces Extension of Previously Announced Rights OfferingBusiness Wire
- Empire Petroleum Announces Commencement of Previously Announced Rights OfferingBusiness Wire
EP
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/15/24 - Form 8-K
- EP's page on the SEC website