FX Energy (FXEN) Receives $7.2 Million from Warrants
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FX Energy, Inc. (Nasdaq: FXEN) received $7.2 million from the exercise of expiring warrants. The warrants were issued in a 2003 offering of common stock and warrants. Exercise price of the warrants was $3.60 per share. A further 1.2 million warrants remain outstanding and will expire in July and November 2008. The exercise price of the remaining warrants is $3.75 per share.
FX Energy, Inc. is an independent energy company with activities concentrated within the upstream oil and gas industry. [SM]
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