GreenHunter Energy, Inc. (GRH) Secures Public Pricing of 425k Shares of Series C Preferred Stock, Estimated Net Proceeds $8.3M
GreenHunter Energy is poised to drive significant shareholder returns in the burgeoning domestic/global oil and natural gas shale sector through a refined focus on the water resource services part of the company's diverse renewable energy portfolio, and reported pricing a best-efforts public offering today with projected net proceeds of some $8.3M (after typical associated expenses). The vast majority of the 425k share, non-convertible 10.0% Series C Cumulative Preferred Stock offering will be applied directly to CAPEX and operational outlays, acquisitive/developmental (direct or indirect) efforts geared to increase the company's salt water disposal architecture, beefing up the subsidiaries, handling corporate expenses,…