Hagens Berman LLP Continues to Investigate Hercules Offshore Inc. After SEC Probe Announcement

Hagens Berman LLP, an investor-rights law firm, is continuing to investigate Hercules Offshore to determine if the company violated securities laws. The investigation began after the announcement of a Securities and Exchange Commission (SEC) and Department of Justice investigation of certain of the company’s activities. Hagens Berman partner Reed R. Kathrein is continuing to lead the firm’s investigation from its San Francisco office. Houston-based... Read more..

Update: General Maritime Corporation Announces Proposed Public Offering of Common Stock

General Maritime Corporation today announced that it has commenced a public offering of primary shares of its common stock, par value $0.01 per share (the “Common Stock”). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use all of the net proceeds from the offering to fund a portion... Read more..

MarkWest Energy Partners Closes Public Offering of $300 Million of 6.5% Senior Notes Due 2021

MarkWest Energy Partners, L.P. (NYSE:MWE – News) and its subsidiary MarkWest Energy Finance Corporation announced today the closing of a public offering of $300,000,000 of 6.5% senior unsecured notes due 2021 (the “Notes”) at par. The Partnership intends to use the net proceeds from the Notes offering to purchase later today $272,205,000 aggregate principal amount of its 8.5% senior notes due 2016 (CUSIP Nos. 570506AE5 and 570506AD7) that... Read more..

Infinity Secures Additional Financing and Enters Into Forbearance Agreement With Amegy Bank, N.A.

Infinity Energy Resources, Inc. an independent oil and gas exploration and development company, today announced that it has secured $1,050,000 in additional financing and entered into a Forbearance Agreement (the “Agreement”) dated February 16, 2011 with Amegy Bank, N.A. (“Amegy”) under the Loan Agreement, dated January 9, 2007, as amended and supplemented (the “Loan Agreement”). The Company also announced that... Read more..

ZBB Energy Corporation Closes Additional $2 Million Financing

ZBB Energy Corporation today announced that it has closed a $2 million tranche with Socius Capital. In connection with the tranche, Socius (1) purchased for cash $2 million of Series A preferred stock and (2) purchased for a secured promissory note $2.7 million of shares of common stock priced at $1.41 per share. In addition, the Company reported that it is filing with the Securities and Exchange Commission a universal shelf registration statement... Read more..

SteelPath Fund Advisors Announces Annual Update Call for SteelPath MLP Funds

SteelPath Fund Advisors announced today a update call for institutional investors regarding the SteelPath MLP Alpha Fund the SteelPath MLP Income Fund , and the SteelPath MLP Select 40 Fund The Funds’ portfolio managers will review the market and fund performance for the year 2010. The call will be held on Thursday, January 27, 2011 at 3:30 p.m. CST and will conclude with a question and answer session. This call is open to institutional investors... Read more..

City of Nashua Ratifies Merger Agreement With Pennichuck Corporation

Pennichuck Corporation today announced that last night, January 11, 2011, the Board of Aldermen of the City of Nashua, New Hampshire (“City”) approved and ratified, by more than a two-thirds majority vote, the Merger Agreement between the City and the Company and the issuance of bonds to finance the acquisition. The actual vote was 14 in favor and 1 opposed. On November 12, 2010, the Company announced that it had entered into a definitive... Read more..

MarkWest Energy Partners Announces Public Offering of Common Units

MarkWest Energy Partners, L.P. announced today that it is commencing a public offering of 3,000,000 common units. The Partnership has granted the underwriter a 30-day option to purchase a maximum of 450,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net proceeds from the offering, as well as any exercise of the underwriter’s over-allotment option, to partially fund its ongoing capital expenditure... Read more..

Solar Acquisition Corp. Announces Asset Acquisition, Continues Expansion of Business Focus

Solar Acquisition Corp. is pleased to announce that it has finalized the acquisition of the assets of Clean Power, Inc. Included among the assets are Clean Power’s extensive propriety research, business development plans for building a diversified renewable energy company, and information related to building turnkey energy systems in the solar and wind farm businesses. As part of the acquisition, Solar Acquisition is also acquiring first negotiating... Read more..

CAMAC Energy Inc. Raises $20.0 Million in Registered Direct Offering

CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that the Company has entered into definitive agreements dated December 21, 2010 with certain accredited investors (the “Investors”) to sell in a registered direct offering an aggregate of approximately 9.09 million shares of its common stock at a price of $2.20 per share, and five-year warrants to purchase up to... Read more..