FX Energy to Raising Funds to Accelerate Polish Exploration Program

FX Energy has agreed to sell 1,500,000 shares of its common stock through a registered direct offering priced at $8.63 per share with select, long-term institutional investors, resulting in gross proceeds of approximately $12.9 million. C.K. Cooper & Company acted as exclusive placement agent on the transaction.

The offering was conducted pursuant to the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission.

FX Energy intends to use the net proceeds for general corporate purposes including expansion and acceleration of the Company's exploration program in Poland.


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