Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Harvest Natural Resources Announces At-The-Market Equity Financing Program

Harvest Natural Resources Inc. (HNR: Quote) said that it entered into an equity distribution agreement with Knight Capital America, L.P. or "KCA", a subsidiary of Knight Capital Group Inc., relating to an "at-the-market" or "ATM" offering of shares of common stock having an aggregate sales price of up to $75 million.

As per the terms of the Agreement, Harvest may offer and sell shares of its common stock by means of transactions on the New York Stock Exchange or otherwise at market prices prevailing at the time of sale, at prices related to the prevailing market price or at negotiated rates. Harvest expects to use any proceeds from this offering for general corporate purposes, including but not limited to repayment of outstanding borrowings.

Click here to receive FREE breaking news email alerts for Harvest Natural Resources Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.