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News Breaks | | | | October 12, 2012 | | 06:23 EDT |  | HNR | Harvest Natural announces closing of a $79.8M term loan facility
Harvest Natural Resources announced its sale of $79.8M aggregate principal amount of 11% senior unsecured notes due Oct. 11, 2014, and warrants to purchase up to 686,761 shares of its common stock with an exercise price of $10.00 per share. The warrants can be exercised at any time up until the three-year anniversary of the closing. If all of the warrants were exercised, the impact on dilution of the common shares outstanding would be 1.8%. The net cash proceeds of the offering to Harvest were approximately $63.2M after deducting the issuance discount off the face value of the notes, placement fees, and other transaction costs. Harvest intends to use the net proceeds of the offering to fund capital expenditures planned for Gabon and other potential projects, for working capital needs and general corporate purposes. | |
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News For HNR From The Last 14 Days Check below for free stories on HNR the last two weeks. |
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| June 5, 2013 | | 12:00 EDT |  | HNR | Harvest Natural rises 27.5%
Harvest Natural is up 27.5%, or 77c, to $3.57 | | | 10:00 EDT | | HNR | Harvest Natural rises 23.9%
 Subscribe for More Information | | | 09:00 EDT | | HNR | Harvest Natural rises 12.5%
Subscribe for More Information | | | 06:07 EDT |  | HNR | Harvest Natural reports Q1 EPS 91c, may not compare to consensus (6c)
Q1 results included exploration charges of $1.9M, or 5c per diluted share and unrealized gain on warrant derivative of $3.8M, or 10c per diluted share.Excluding the effects of the Venezuelan devaluation, exploration charges and unrealized gain on warrant derivatives, we estimate net income for the first quarter of 2013 would have been approximately $4.3M, or 11c per share. | |
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