Empire Petroleum (EP) Commences Previously Announced Rights Offering
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Empire Petroleum Announces Commencement of Previously Announced Rights Offering
October 1, 2024 8:05 AM EDTTULSA, Okla.--(BUSINESS WIRE)-- Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (Rights Offering) pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company is distributing at no charge to holders of its common stock, par value $0.001 per share (Common Stock), as of the close of business on September 30, 2024 (the record date for the Rights Offering),... More
