Home Must Reads Backers of LNG project hope to raise up to $250M

Backers of LNG project hope to raise up to $250M

| Print |  Email
Must Reads
Thursday, March 27, 2014

Calgary-based Veresen Inc. plans to issue up to $250 million in shares to finance the Jordan Cove Energy Project in Coos Bay.

Backers are gearing up for their big permitting push on the project with a phallanx of federal and state agencies, however. They hope to receive a draft environmental impact statement from the Federal Energy Regulatory Commission in the next two months, and finalize their main license with the agency by the end of the year. That will still leave a host of state permits, including clear air, clean water and coastal zone management certifications from the state.

Veresen said in a statement that it planned to issue 15 million new shares at $16.50 Canadian dollars each. That's the equivalent of about $220 million U.S. dollars. An overallotment to the underwriters could bring proceeds to the equivalent of about $250 million.

Read more at OregonLive.com

 

More Articles

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS