Kodiak Oil & Gas Closes Follow-on Public Offering
Kodiak Oil & Gas Corp. (Amex, TSX Venture: KOG) announced the closing of its public offering of 12,075,000 shares of common stock, which includes the exercise of the underwriters' over-allotment option to purchase 1,575,000 common shares. All shares were sold at the offering price of $4.15 per share, resulting in net proceeds to Kodiak Oil & Gas Corp. of approximately $47 million, after underwriters' discounts and commissions.
KeyBanc Capital Markets was the lead manager of the offering. A.G. Edwards and Petrie Parkman & Co. acted as co-managers, along with Capital One South Coast, Inc. and Pickering Energy Partners, Inc. as underwriters.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the common stock of Kodiak Oil & Gas Corp., nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Offers of these securities may be made only by means of a prospectus. Copies of the final prospectus may be obtained by contacting KeyBanc Capital Markets by written request to 800 Superior Avenue, Cleveland, Ohio 44114, or by fax request to (216) 443-3901.
Kodiak Oil & Gas Corp. is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the Rocky Mountain region of the United States.
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