Hallador Energy announces $50M comm stock offering

Hallador Energy (HNRG) Company announced that it intends to offer and sell $50M of shares of its common stock in an underwritten public offering. All of the shares to be sold in the offering will be offered by Hallador. Hallador intends to use the net proceeds from the offering for general corporate purposes, which may include funding certain initial financial commitments to reserve equipment necessary to support Hallador’s planned additional natural gas generating facility. Texas Capital Securities is acting as sole bookrunner for the offering. Northland Capital Markets is acting as co-manager for the offering.