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Pacific Energy Development Announces Closing of Underwriter’s Exercise of Overallotment Option in Public Offering of Common Stock

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DANVILLE, CA–(Marketwired – May 19, 2015) – PEDEVCO Corp., d/b/a Pacific Energy Development (NYSE MKT: PED), a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas assets, in the United States, announced today the exercise by National Securities Corporation, the underwriter of its previously announced public offering of common stock, of a portion of its overallotment option to purchase 766,197 shares of common stock (the full overallotment option provided the underwriter the one-time right to acquire up to 840,000 shares of common stock for a period …read more

Read more here:: http://www.marketwired.com/mw/release.do?id=2021404&sourceType=3

      

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