Harvest Natural Resources, Inc. HNR today announced its sale of $79.8 million aggregate principal amount of
11% senior unsecured notes due October 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%.
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