Far East Energy Corp. - 2013-01-15

Description

Executed a securities purchase agreement to sell senior secured notes and warrants in a private placement. Proceeds will be used for drilling and completion of wells in its Shouyang Block, construction of associated gathering and compression, development of an overall development plan for the 1-H Pilot area, repayment of $4.125 million of principal outstanding under the $25.125 million with Standard Chartered Bank, together with all capitalized and accrued interest and an amendment fee, and general corporate purposes. Knight Capital Americas LLC was an advisory agent.

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Estimated Price
$60.0MM
Financing Type
Report Date