HKN, Inc. Announces Expiration of Rights Offering on April 7, 2011
08 Aprile 2011 - 3:57PM
Marketwired
HKN, Inc. (NYSE Amex: HKN) ("HKN") today announced that its
previously announced Rights Offering closed on April 7, 2011 and
all unexercised rights have expired. The Rights Offering was fully
subscribed for 7.5 million shares at the subscription price of
$2.00 per share. Following the issuance of the newly subscribed
shares, HKN will have 17,526,098 total shares outstanding.
HKN, Inc. is an independent energy company engaged in the
development and production of crude oil, natural gas and coalbed
methane assets and in the active management of energy-based
investments. Additional information may be found at the HKN Web
site, www.hkninc.com. Please e-mail all investor inquiries to
Investorrelations@hkninc.com.
Certain statements in this announcement and inferences derived
therefrom may be regarded as "forward-looking statements" within
the meaning of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are based on the opinions and
estimates of management at the time the statements are made.
Management's current view and plans, however, are subject to
numerous known and unknown risks, uncertainties and other factors
that may cause the actual results, performance, timing or
achievements of HKN to be materially different from any results,
performance, timing or achievements expressed or implied by such
forward-looking statements. The various uncertainties, variables,
and other risks include those discussed in detail in the Company's
SEC filings, including the Annual Report on Form 10-K filed on
February 17, 2011. HKN undertakes no duty to update or revise any
forward-looking statements. Actual results may vary materially.
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