Eclipse Resources Announces Operational Update and Amended Guidance
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Eclipse Resources (ECR) Prices 37.5M Stock Offering at $3.50/Share
June 29, 2016 6:18 AM EDTEclipse Resources Corporation (NYSE: ECR) announced that it has priced an underwritten public offering of 37,500,000 shares of its common stock at a price to the public of $3.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of the Companys common stock. The offering is expected to close on July 5, 2016, subject to customary closing conditions.
The Company intends to use all of the net proceeds from the offering, including any net proceeds from... More
