Business
Kodiak Oil & Gas Corp. Announces Pricing of Follow-on Public Offering
Kodiak Oil & Gas Corp. Announces Pricing of Follow-on Public Offering.
About this update from Ko Gold, Inc.
[{"type":"text","content":"\n\n\n\nDENVER, Dec. 18 /CNW/ -- Kodiak Oil & Gas Corp. (Amex: KOG; TSX Venture:\nKOG) announced today the pricing of its follow-on public offering of\n10,500,000 shares of common stock at $4.15 per share. Net proceeds to Kodiak\nfrom the offering, after deducting underwriting discounts and commissions but\nbefore offering expenses, amounted to approximately $40,960,500, all of which\nwill be used to fund a portion of Kodiak's 2007 capital expenditures. Kodiak\nhas granted the underwriters a 30-day option to purchase up to an additional\n1,575,000 shares of common stock to cover over-allotments, if any.\n\n\nKeyBanc Capital Markets was the lead manager of the offering. A.G.\nEdwards and Petrie Parkman & Co. acted as co-managers.\n\n\nCopies of the final prospectus relating to the offering -- when available\n-- may be obtained from KeyBanc Capital Markets by written request to 800\nSuperior Avenue, Cleveland, Ohio 44114, or by fax request to (216) 443-3901.\n\n\nKodiak Oil & Gas Corp. is an independent energy exploration and\ndevelopment company focused on exploring, developing and producing oil and\nnatural gas in the Williston and Green River Basins in the Rocky Mountain\nregion of the United States.\n\n\nThis release shall not constitute an offer to sell or the solicitation of\nan offer to buy, nor shall there be any sale of these securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such\njurisdiction. Offers of the securities may be made only by means of a\nprospectus.\n\n\nThis press release includes statements that may constitute\n\"forward-looking\" statements, usually containing the words \"believe,\"\n\"estimate,\" \"project,\" \"expect\" or similar expressions. These statements are\nmade pursuant to the safe harbor provisions of the Private Securities\nLitigation Reform Act of 1995. Forward-looking statements inherently involve\nrisks and uncertainties that could cause actual results to differ materially\nfrom the forward-looking statements. Forward-looking statements are\nstatements that are not historical facts and are generally, but not always,\nidentified by the words \"expects,\" \"plans,\" \"anticipates,\" \"believes,\"\n\"intends,\" \"estimates,\" 'projects,\" \"potential\" and similar expressio...