TULSA, 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 extended the expiration date of its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $5.0 million, including $2.5 million from the exercise of the warra
Related Questions
How will the extended rights offering and potential dilution affect EP's share price and existing shareholders' equity?
What are the specific terms (price, ratio, and subscription deadline) of the rights offering and how do they compare to market expectations and similar offerings in the sector?
How will the $5 million proceeds be allocated across Empire Petroleum's operations, and what impact will this have on the company's cash flow, debt levels, and future production growth?