Emerald Oil to Sell Stake to White Deer

Emerald Oil also announced it would sell 10 million shares of common stock in a secondary offering. Emerald Oil has agreed to issue and sell 19.9% of common stock, including warrants held by White Deer, to the energy private equity firm. The closing of the White Deer private placement is scheduled occur within 10 days of the public offering. Denver-based Emerald Oil is an independent exploration and production operator.

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