Gas Natural (EGAS) Closes 100K Secondary Offering by CEO Osborne
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Gas Natural Inc. (AMEX: EGAS) announced that the underwriters of the recent public offering of its common stock have fully exercised their over-allotment option and have purchased an additional 100,000 shares from the Company's Chairman and Chief Executive Officer, Richard M. Osborne, at a price of $10.10 per share.
The Company did not receive any proceeds from the sale of shares by Mr. Osborne. The over-allotment option was granted by Mr. Osborne in conjunction with the underwritten public offering completed on July 2, 2012.
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The Company did not receive any proceeds from the sale of shares by Mr. Osborne. The over-allotment option was granted by Mr. Osborne in conjunction with the underwritten public offering completed on July 2, 2012.
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