Appalachian Basin E&P Imperial Resources files for a $20 million IPO


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Imperial Resources, an oil and gas E&P spun out of Empire Energy and primarily focused in the Appalachian Basin, filed on Thursday with the SEC to raise up to $20 million in an initial public offering. Empire Energy Group is listed on the Australian Securities Exchange (EEG) and its ADRs are traded on the OTCQX ( EEGNY ).

The Canonsburg, PA-based company, which was founded in 2006 and booked $24 million in revenue for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol EEH. Imperial Resources initially filed confidentially on May 23, 2014. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs
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