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

The Backstory

October 2014
Thursday, September 25, 2014

In our cover story this month, Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, discuss their rapidly growing businesses and Portland’s red hot food scene. The conversation provides an interesting lens through which to explore trends in the grocery store and restaurant sectors.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


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