Pacific Energy Development Prices Public Offering of Common Stock

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DANVILLE, CA–(Marketwired – May 13, 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 the pricing of its underwritten public offering of an aggregate of 5,600,000 shares of common stock at the price of $0.50 per share to the public (the “Offering”). The Company expects to receive gross proceeds of $2.8 million, before deducting underwriting discounts and estimated offering expenses, as a result of the Offering. The underwriters …read more

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