Pennsylvania Business Report
WhiteHawk Minerals closes $111.8M in natural gas mineral, royalty acquisitions
WhiteHawk Minerals Corp., based in Philadelphia, on Sept. 25 announced the closing of $111.8 million in previously announced acquisitions. The closing included the estimated $105 million purchase of Marcellus, Utica and Haynesville Shale natural gas minerals and royalty assets from San Jacinto Minerals II. Acquisitions were funded with proceeds from a $50 million issuance of newly created Series E Preferred Stock, and a previously announced $75 million private placement of Class A common stock....
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