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BRIEF-Extraction Oil & Gas says private placement of common stock
December 12, 2016 / 1:59 PM / 10 months ago

BRIEF-Extraction Oil & Gas says private placement of common stock

Dec 12 (Reuters) - Extraction Oil & Gas Inc

* Extraction Oil & Gas -to use remaining net proceeds from offering $265 million for additional bolt-on leasing operations in,around area of acquisitions

* Extraction Oil & Gas Inc -entered into agreement to sell 25 million shares of stock in private placement, which results in about $457 million of gross proceeds

* Extraction Oil & Gas Inc - expects to use net proceeds from offering to replenish about $177 million in cash utilized in 2 recently completed acquisitions

* Extraction Oil & Gas announces private placement of common stock Source text for Eikon: Further company coverage:

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