Tengasco, Inc. (NYSEMKT:TGC) Files An 8-K Other Events
Item 8.01
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Other Events.
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rights offering to shareholders of record on November 21, 2016
ended Thursday, February 2, 2017. A total of 12.2 million shares
was offered, and a total of 4,498,698 shares was subscribed. A
total of approximately $2.7 million was raised.
Statement on Form S-1 deemed effective by the SEC on December 30,
2017 and Prospectus, granted to the holders of approximately 6.1
million outstanding shares of common stock a basic right to
purchase two shares of common stock at $0.60 per new share for
each share held. An oversubscription privilege was offered
whereby shareholders who fully exercised their basic rights could
also subscribe for new shares that were offered but not
purchased, also for $0.60 per share.
attached to this report as Exhibit 99.1.
information set forth in Exhibit 99.1, is being furnished and
shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference
in such a filing.
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Item 9.01
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Financial Statements and Exhibits.
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| (d) |
Exhibits.
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Exhibit No.
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Description
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99.1
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Press Release dated February 13, 2017
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About Tengasco, Inc. (NYSEMKT:TGC)
Tengasco, Inc. is engaged in the business of exploration for and production of oil and natural gas. The Company’s area of oil exploration and production is in Kansas. The Company’s subsidiary, Manufactured Methane Corporation (MMC) operates treatment and delivery facilities in Church Hill, Tennessee, for the extraction of methane gas from a landfill for eventual sale as natural gas and for the generation of electricity. The principal markets for the Company’s crude oil are local refining companies. The Company holds a working interest in over 210 gross wells. The Company’s operated properties in Kansas are located in central Kansas and include approximately 180 producing oil wells, approximately 30 shut-in wells and approximately 40 active disposal wells (the Kansas Properties). The Company maintains a working interest in most of its wells and undrilled acreage in Kansas. The terms for most of the Company’s leases in Kansas range from 3 to 5 years. Tengasco, Inc. (NYSEMKT:TGC) Recent Trading Information
Tengasco, Inc. (NYSEMKT:TGC) closed its last trading session 00.000 at 0.610 with 11,709 shares trading hands.
