Gilford Securities Incorporated acted as the lead underwriter for the offering. Gilford has a 45 day option to purchase up to an additional 225,000 shares of common stock at the public offering price of $5.50, less the underwriting discount.
"We are pleased to have completed our initial public offering and to be listed on a U.S. exchange, " said Reg Greenslade, Chairman and CEO of JED. "This is a culmination of a year's planning and a tremendous amount of work leading up to this event and we are pleased that the Amex will expose JED to a broad spectrum of U.S. investors."
JED Oil Inc., headquartered in Calgary, Alberta, was formed in September 2003. The senior management of JED includes Reg Greenslade, Chairman and CEO, Tom Jacobsen, President and COO, Bruce Stewart, CFO, and Tom Dirks, Vice President of Geology. JED intends to develop properties with other oil and gas companies under joint venture/farm-in arrangements whereby JED will finance the cost of the development activities in exchange for a working interest in the properties. JED does not anticipate direct property acquisitions.
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