PHX Minerals Inc. Announces Acquisition
Share this article Share this article OKLAHOMA CITY, April 15, 2021 /PRNewswire/ -- PHX Minerals Inc. (NYSE: PHX) ("PHX" or the "Company") announced today that it has agreed to acquire from certain third parties certain mineral and royalty interests totaling approximately 2,698 net royalty acres in the Southern SCOOP play (the "Acquisition") for $11,947,000 in cash and stock, subject to customary closing adjustments. The purchase price consists of $9,547,000 in cash and $2,400,000 in PHX common stock. PHX intends to raise the cash portion of the purchase price through an underwritten public ...
Source: prnewswire.com