PostRock Energy Corp. - 2012-08-02


White Deer Energy L.P. acquired an additional $12 million of equity in the Company. White Deer acquired 3,076,923 shares of common stock at a price of $1.95 per share, yesterday's consolidated closing bid price. Simultaneously, White Deer purchased $6,000,000 of 12% cumulative redeemable preferred stock and received 3,076,923 warrants to purchase common stock at a price of $1.95 a share. Proceeds from the investment will be used to reduce debt and provide additional working capital.

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