Monday, May 20, 2013

Magellan secures $23.5M investment - Denver Business Journal

Magellan secures $23.5M investment - Denver Business Journal: Magellan Petroleum Corp. announced Monday it's received the $23.5 million the Denver company disclosed a week ago would be coming from a New York private-equity firm.
In return for its investment, One Stone Holdings II LP, which is an affiliate of One Stone Energy Partners LP, received 19.23 million shares of Magellan's Series A convertible preferred stock.

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