HOUSTON, TEXAS, June 13, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced that it has priced a public offering of 300,000 shares, or $300 million aggregate liquidation preference, of its 5.75% Series A Cumulative Perpetual Convertible Preferred Stock ("Perpetual Preferred Stock"). Each share of Perpetual Preferred Stock has a liquidation preference of $1,000 per share and is convertible, at the holder's option, initially into 162.4431 shares of Halcón's common stock based on an initial conversion price of approximately $6.16 per share of the Company's common stock, in each case subject to adjustments. Halcón does not intend to apply to list the Perpetual Preferred Stock on any securities exchange or any automated dealer quotation system.
Halcon Resources Prices Public Offering Of $300 Million 5.75% Perpetual Convertible Preferred Stock
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