By LNG World News Following its distribution agency agreement with Credit Suisse Securities to list company shares on the Nasdaq capital, Tellurian said it plans to offer 10 million company shares for sale.
The company expects to grant the underwriters an option for 30 days to purchase up to an additional 1.5 million shares of common stock of the company to cover over-allotments if any.
According to the agreement with Credit Suisse Securities, Tellurian expects proceeds of up to US$200 million.
Tellurian was formed through a merger between Magellan Petroleum, an independent oil and gas exploration and production company and Tellurian Investments formed in February 2016,
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