QualityStocks News - GreenHunter Energy Secures Public Pricing of 425k Shares of Series C Preferred Stock

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Poised to drive significant shareholder returns in the burgeoning domestic/global oil and natural gas shale sector.

QualityStocks would like to highlight GreenHunter Energy, Inc., a publicly traded diversified renewable energy company, predominately focused on water resource management in the unconventional oil and natural gas shale resource plays. Through its wholly owned subsidiary, GreenHunter Water, LLC, the company provides Total Water Management Solutions™ in the oilfield.

In the company’s news yesterday,

GreenHunter Energy reported pricing a best-efforts public offering with projected net proceeds of some $8.3M (after typical associated expenses).

The vast majority of the 425k share, non-convertible 10.0% Series C Cumulative Preferred Stock offering will be applied directly to CAPEX and operational outlays, acquisitive/developmental (direct or indirect) efforts geared to increase the company’s salt water disposal architecture, beefing up the subsidiaries, handling corporate expenses, and settling/refinancing outstanding debt.

Looking at a July 31 close date for the public offering, GreenHunter anticipates a NYSE MKT listing with a public offering price of $21/share ($25/share liquidation preference). Investment in short-term marketable securities and reduction of short-term indebtedness are potential salient targets until more specific applications are determined, but with the company's technology-agnostic approach to providing broad spectrum services to the oil and gas operators, especially those in the Bakken, Eagle Ford, and Marcellus shale, it won’t be long before a direct application is ascertained.

The domestic market is surely heating up as oil and natural gas activity increase steadily, that’s why GreenHunter and its wholly-owned subsidiary, GreenHunter Water, LLC, have put together an experienced team able to help operators keep their extremely expensive rig infrastructure operating at maximum efficiency through true Total Water Management Solutions™ for produced water and frac flowback (in addition to a substantial, growing salt water disposal footprint). With veteran oil man, Gary C. Evans at the helm (over a century of oilfield experience in the Senior Management), the GreenHunter Water team has become quite adept at devising solutions tailored to the needs of sector operators, irrespective of the technical complexity required to execute a given solution.

Sole book runner for the offering was MLV & Co., with Livingston Securities, National Securities Corp., and Northland Capital Markets acting as co-managers. The offering is pursuant to the company’s filed registration statement which was declared effective by the SEC and investors can obtain a full prospectus from either EDGAR or the SEC websites (or by mail at GreenHunter Energy, Inc., 1048 Texan Trail, Grapevine, Texas 76051 – Attention: Investor Relations).

With an already strong position via the company’s disposal well facilities in the Marcellus (99-acre) and Eagle Ford (20-acre), as well as the trucking/hauling fleet capabilities (HAZMAT placard units available) required to support the company’s field services, equipment, and tank rentals, the company stands to gain real bottom line momentum from this capital infusion. Powerful solutions like RAMCAT™ (Remote Access Management Compliance Asset Tracking) for wellhead management and compliance tasks, which blends proprietary software and the latest communications hardware to provide user-friendly, yet robust wellhead over watch, or the operator-centric Frac-Cycle™ customized treatment systems (any volume of fresh or brine water), set the company apart in an increasingly crowded field of service providers. Technology like the company’s modular, above-ground, and temporary storage system, the MAG Tank™, is a perfect showcase of the company’s operator-centric design philosophy, as the 5-40k bbl MAG Tank is super easy to setup and take down, as well as having an extremely flexible design that is suitable to the widest variety of uses (the design really takes into consideration common problems like space, terrain, and weather/environmental restrictions).

GreenHunter intends to stay ahead of the game in unconventional oil and gas play water solutions, continually investing in infrastructural build up, as well as advancing the state of the water purification hardware, the trucks, and the company’s array of environmental clean-up/rental equipment.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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