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Oil & Gas Drilling & Exploration News
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Pacific Asia Petroleum, Inc. Raises $20 Million in Registered Direct Offering
1 hour, 41 minutes ago (Business Wire)
HARTSDALE, N.Y.----Pacific Asia Petroleum, Inc. , a US-based energy company engaged in the development, production and distribution of oil and gas, announced today that Company has entered into definitive agreements with certain accredited investors to sell in a registered direct offering an aggregate of 5 million shares of its common stock at a price of $4.00 per share for aggregate gross proceeds of $20 million.
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| Market Capitalization: | 256B | | Price
/ Earnings: | 12.0 | | Price
/ Book: | 2.9 | | Net
Profit Margin (mrq): | 13.7% | | Price
To Free Cash Flow (mrq): | -49.9 | | Return
on Equity: | 21.2% | | Total
Debt / Equity: | 0.0 | | Dividend
Yield: | 3.6% |
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