On Thursday, Jones Energy Inc (NYSE:JONE)’s shares declined -13.61% to $9.81.
Jones Energy Inc (JONE) declared the pricing of an underwritten secondary offering of 5,000,000 shares of its Class A common stock owned by associates of Metalmark Capital, LLC, the selling stockholders named in the prospectus (the “Selling Stockholders”), at a price to the public of $10.00 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of Class A common stock. The Selling Stockholders will receive all of the net proceeds from the offering. The offering is predictable to settle and close on May 19, 2015, subject to customary closing conditions.
Jones Energy, Inc. is engaged in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent region of the United States.
Kohl’s Corporation (NYSE:KSS)’s shares dropped -13.31% to $64.62.
Kohl’s Corporation (KSS) held its annual shareholders’ meeting. Following are the preliminary results for the five initiatives voted upon by shareholders:
Kohl’s shareholders re-elected Peter Boneparth, Steven A. Burd, Dale E. Jones, Kevin Mansell, John E. Schlifske, Frank V. Sica, Stephanie A. Streeter, Nina G. Vaca and Stephen E. Watson to the board of directors for one-year terms, with an average vote of more than 95 percent of the votes cast.
As of the annual meeting, Peter Sommerhauser stepped down from Kohl’s board of directors. Kevin Mansell, Kohl’s chairman, CEO and president, thanked Mr. Sommerhauser for his many years of planned counsel and service to Kohl’s. Following the retirement of Mr. Sommerhauser the size of the board of directors was reduced to nine members.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers.
At the end of Thursday’s trade, Gevo, Inc. (NASDAQ:GEVO)‘s shares dipped -12.75% to $3.90.
Gevo, Inc. (GEVO) declared that it has priced its underwritten public offering of common stock units.
Gevo declared that it has agreed to sell 4,300,000 common stock units. Each common stock unit comprises of one share of common stock and one-tenth of a Series C warrant to purchase one share of common stock at a public offering price of $4.00 per common stock unit. The warrants will have an exercise price of $5.50 per share, be exercisable from the date of original issuance and will expire on May 19, 2020. The shares of common stock and the warrants will be right away separable and will be issued separately. The gross proceeds to Gevo from this offering are predictable to be about $17.2 million not counting any future proceeds from the exercise of the warrants.
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.
Midway Gold Corp (USA) (NYSEMKT:MDW), ended its Thursday’s trading session with - 15.57% loss, and closed at $0.135.
Midway Gold Corp (USA) (MDW) declared results on modeling work at the Pan Gold Mine in Nevada. Completion of the updated mineral resource study for Pan allows us to move forward with optimizing the mine plan, updating reserves and making operational changes that will allow us to advance the Pan Mine.
Highlights of 2015 Updated Resource Study and Production Update
- The improved understanding of the geologic controls on mineralization resulted in a noteworthychange in the classification of the Pan Resource from Measured and Indicated into the Inferred category. Future drilling should enable us to move Inferred ounces to Measured and Indicated ounces.
The updated mineral resource for the Pan Project is estimated by Gustavson Associates, LLC (“Gustavson”) to be 35.9 million tonnes grading an average of 0.44 g/t Au classified as a measured and indicated mineral resource. An additional 13.9 million tonnes grading an average of 0.31 g/t Au are classified as an inferred mineral resource. All of the estimated resources are based on a 0.14 g/t cutoff.
Production continues to ramp up with about 4,300 ounces of gold produced to date. We presently have about 36,000 contained ounces of gold on the heap leach pad and most of the pad is presently under leach.
Midway Gold Corp. engages in the acquisition, exploration, and development of gold and silver mineral properties in North America. The company holds interest in the Pan and Gold Rock Projects located along the prolific Battle Mountain/Eureka gold trend; the Spring Valley property, which is located in the Spring Valley Mining District, Pershing County, Nevada.
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