CorEnergy Closes Offering of Stock, Sees Gross Proceeds of $78M
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR) today announced that it has closed its previously announced public offering of common stock, raising $78 million in gross proceeds at $6.00 per share. CorEnergy intends to use the net proceeds of the offering to finance a portion of the previously announced anticipated acquisition of a Liquids Gathering System (LGS) located in the Pinedale field in Wyoming from a wholly-owned subsidiary of Ultra Petroleum Corp. (NYSE: UPL).
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