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Synergy Resources to launch 19.5M-share offering

Apr. 11, 2016 8:05 AM ETSRC Energy Inc. (SRCI) StockBy: Carl Surran, SA News Editor1 Comment
  • Synergy Resources (SYRG) -5.4% premarket after announcing a public offering of 19.5M common shares, with an underwriters option to purchase up to an additional 2.925M shares.
  • SYRG says it plans to use the proceeds for general corporate purposes, which may include continuing to develop its acreage position in the Wattenberg field in Colorado, funding part of its capital spending program for the rest of the year, or other uses including potential future acquisitions.
  • Now read Stock dilution is OK for energy investors, because the alternative is far worse

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