Financing ·
Evolution Petroleum Corporation sold 4,255,000 shares of common stock at $3.25 per share in an underwritten public…
EPMEvolution Petroleum Corp
Evolution Petroleum Corporation sold 4,255,000 shares of common stock at $3.25 per share in an underwritten public offering, generating approximately $12.4 million in net proceeds after deducting underwriting discounts and expenses. The transaction included the full exercise of a 30-day option to purchase an additional 555,000 shares. Proceeds will fund part of a previously announced acquisition of oil and natural gas mineral interests in the Permian Basin, with remaining funds for general corporate purposes or credit facility repayment. Evolution Petroleum Corporation is an independent energy company focused on owning and investing in onshore U.S. oil and natural gas properties.