Bois d'Arc Energy Prices Common Stock
Bois d'Arc Energy, LLC (NYSE: BDE) says its initial public offering of 13.5 million shares of its common stock was priced at $13.00 per share to the public. The Company has agreed to sell 12.0 million shares of common stock and a selling stockholder has agreed to sell 1.5 million shares. The Company has granted the underwriters an option to purchase an additional 1.8 million shares to cover over-allotments, if any. Completion of the offering is expected to occur on May 11, 2005, subject to customary closing conditions. Prior to closing, Bois d'Arc Energy, LLC will be converted from a limited liability company to a corporation and will change its name to Bois d'Arc Energy, Inc.
Raymond James & Associates, Inc. is the sole book-running manager for the offering, and Friedman, Billings, Ramsey & Co., Inc., Johnson Rice & Company L.L.C., Harris Nesbitt Corp., Petrie Parkman & Co., Inc., Calyon Securities (USA) Inc., Hibernia Southcoast Capital, Inc. and KeyBanc Capital Markets, Inc., are acting as comanagers.
A registration statement relating to these shares has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained, when available, by contacting Raymond James & Associates, Inc., at 880 Carillon Parkway, St. Petersburg, Florida, 33716, phone number (727) 567-2400.
Bois d'Arc Energy is a growing independent exploration company engaged in
the discovery and production of oil and natural gas in the Gulf of Mexico
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