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

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

Political theater

News
Wednesday, January 07, 2015
0107-orbizplansum14-thumbBY LINDA BAKER | OB EDITOR

The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.


Read more...

7 industry trends of 2015

The Latest
Friday, January 09, 2015
covertrends15-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Industry groups identify top trends for 2015.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Powerbook Perspective

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

A conversation with Oregon state economist Josh Lehner.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


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