Penn Virginia (PVA) Stakeholder Registers to Sell 10M Shares

May 7, 2013 3:22 PM EDT
Penn Virginia Corporation (NYSE: PVA) registered 10,000,000 shares of common stock to be offered from time to time by Magnum Hunter Resources (NYSE: MHR). All of the shares of common stock were originally issued to the selling shareholder in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended, on April 24, 2013.

The selling shareholder may offer and sell these securities to or through one or more underwriters, dealers or agents, or directly to purchasers, on a continuous or delayed basis. Magnum Hunter Resources has a 15.33% stake in Penn Virginia, which was revealed in SEC filings dated May 6th.

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