PEDEVCO (NYSE:PED), an energy company engaged in the acquisition and development of strategic, high-growth energy projects in the U.S., has closed its previously announced registered direct offering with a certain institutional investor, pursuant to which the company sold approximately $7.0 million worth of common stock. PEDEVCO secured net proceeds of approximately $6.4 million from the offering, with approximately 4.5 million shares of common stock each sold at a price of $1.57. The company intends to use the majority of the net proceeds to fund its 2021 Permian Basin and D-J Basin asset development programs and potential acquisition opportunities, as well as for general corporate purposes and working capital. Roth Capital Partners acted as joint-placement agent for the offering.
To view the full press release, visit https://nnw.fm/buvMk
About PEDEVCO Corp
PEDEVCO is a publicly traded energy company engaged in the acquisition and development of strategic, high-growth energy projects in the United States. The company’s principal assets are its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado. PEDEVCO is headquartered in Houston, Texas. For more information about the company, please visit www.PEDEVCO.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork
