Vaalco Energy (EGY) filed a registration statement with the US Securities and Exchange Commission Friday for the potential sale of up to $200 million of its securities from time to time in one or more offerings.
The filing covers common stock, preferred stock, depositary shares, warrants and units.
The company said that unless otherwise stated in an applicable prospectus supplement, it intends to use the net proceeds for general corporate purposes, which may include debt repayment or refinancing, capital expenditures, working capital, acquisitions and repurchases and redemptions of securities.
Shares of Vaalco Energy were up nearly 3% in recent trading.
Price: 4.46, Change: +0.12, Percent Change: +2.76
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