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PEDEVCO raises $18M through private offerings

May 21, 2019 4:02 PM ETPEDEVCO Corp. (PED) StockBy: Vandana Singh, SA News Editor4 Comments
  • PEDEVCO (NYSE:PED) raised $15M through the sale of restricted common stock at $2.20/share to SK Energy, an investment firm owned by Simon Kukes, the Company's CEO,
  • The company also announced an additional $3M through the sale of restricted common stock at $2.00 per share to two investors unaffiliated with the Company.
  • The proceeds from the offering will be used to fund the Company's 2019 Permian Basin asset development program and acquisition activities.

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