Gas Natural Inc. Completes Stock Offering of 2.1M Shares

Gas Natural Inc. EGAS announced today that it has completed its underwritten public offering of 2,100,000 shares of its common stock, of which 1,760,000 shares were sold by the Company and 340,000 shares were sold by certain selling shareholders, at a price of $10.00 per share. Net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $16.0 million. The Company did not receive any proceeds from the sale of shares by the selling shareholders.