Finance & Investing | Fundraising | Capital Markets
Synergy Prices $150MM Offering for Wattenberg Development
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Synergy Resources Corporation announced that it has priced a public offering of 19,500,000 shares of its common stock for total gross proceeds (before underwriters' compensation and estimated expenses) of approximately $150 million.
The Company intends to use the net proceeds from this offering for general corporate purposes, which may include continuing to develop its acreage position in the Wattenberg Field in Colorado.
Credit Suisse is acting as lead book-running manager for the offering. The underwriters intend to offer the shares from time to time for sale in one or more transactions on the NYSE MKT, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at…
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