HALLADOR ENERGY COMPANY (HNRG) Files An 8-K Other EventsItem 8.01 Other Events
Yorktown Energy Partners VII, L.P. (“Yorktown VII”) advised us that it distributed 1,000,000 shares (about 3.4% of the total outstanding shares) of Hallador common stock to its general and limited partners after the close of the stock market on November 14, 2016. After the distribution, Yorktown VII will hold 1,900,000 shares (about 6.5% of the total outstanding shares) of Hallador common stock. Yorktown Energy Partners VI, L.P. continues to own 604,904 shares (about 2.1% of the total outstanding shares) of Hallador common stock, and Yorktown Energy Partners VIII, L.P. continues to own 2,950,000 shares (about 10.1% of the total outstanding shares) of Hallador common stock. We were advised that the distributed shares could be sold immediately.
We expect that over time distributions such as these, if any, will improve our liquidity and float.
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