Banro Corporation (NYSEMKT:BAA) announced that it has now closed the previously announced $40 million financing that involves issue of convertible-preferred shares to the investment funds that are managed by the Gramercy Funds Management LLC via a non-brokered private-placement. Banro Corporation (USA) (NYSEMKT:BAA) stock opened at $0.61 in last session, and closed at $0.730, while the day range of Banro Corporation (USA) (NYSEMKT:BAA) stock is $0.60 – $0.73. The stock showed a positive weekly performance of 15.86%.
Energy XXI is buying EPL Oil & Gas Inc. (NYSE:EPL) for about $1.53 billion in a deal that the companies say will create the biggest publicly-owned independent oil producer on the Gulf of Mexico shelf. EPL Oil & Gas Inc. (NYSE:EPL) stock opened at $37.65 in last session, and closed at $38.00 by gaining 1.33%. The 52 week range of $25.00 – $42.64. Company’s market capitalization is $1.47 billion.
Callon Petroleum Company (NYSE:CPE) announced the closing of an amended $500 million revolving credit facility (the “Amended Credit Facility”) and a new $125 million senior secured second lien term loan facility (the “Second Lien Facility”). Each facility will have a maturity date in 2019. Callon intends to use a portion of the net proceeds from an initial draw of the Second Lien Facility to redeem the remaining $48.5 million principal amount of its outstanding 13% Senior Notes due 2016 (the “Senior Notes”). Callon Petroleum Company (NYSE:CPE) stock increased 9.45% and finished the last session at $7.99. The EPS of the stock remained -0.05. Company’s market capitalization is $322.16 million.
Silver Bull Resources (NASDAQ:SVBL) major shareholder Lazarus Investment Partners Ll bought 160,365 shares of Silver Bull Resources stock on the open market in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $0.38 per share, for a total transaction of $60,938.70. Silver Bull Resources Inc. (NYSEMKT:SVBL) stock opened the session at $0.39, and closed the session at $0.420. The 52 week range of the Silver Bull Resources Inc. (NYSEMKT:SVBL) stock remained $0.30 – $0.45 and the day range was $0.38 – $0.44.