Triangle Petroleum Corp. - 2011-03-07
Description
Commenced a public offering of 16.5 million shares of its common stock.
Net proceeds, along with cash on hand, will be used to fund the company's drilling and development expenditures, leasehold acquisitions and for general corporate purposes, including working capital.
Johnson Rice & Company LLC and Canaccord Genuity Inc. are joint book-running managers. Howard Weil Inc. is senior co-manager. BMO Capital Markets, KeyBanc Capital Markets, Pritchard Capital Partners LLC, Global Hunter Securities LLC and Rodman & Renshaw, LLC are co-managers.