EnerJex seeks AMEX listing, reverse stock split and stock offering - Kansas City Business Journal:

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In a release Friday, the Overland Park-based compan (OTCBB: EJXR) said it seekss the reverse stock split partly to meet one of the initial listing standards for AMEX and position the proposed commostock offering. Dede Jones, EnerJex's director of Finance, said in an interview that if AMEX rejects thelisting request, which is likely if shareholdere reject the stock split request, the company may not be able to make the stocok offering.
EnerJex said in the release that it woulds grantthe offering's underwriters a 30-day option to buy as much as an additiona l 15 percent of shares sold at the public offering priced minus the underwriting The company said it wanta to use proceeds from the offering to pay finance part of its capital expenditures and for general corporates uses. , of Calif., is the lead underwriter for the offering. , EnerJed reported a third-quarter loss of $719,517, or 3 cent a share, on revenue of $1.5 EnerJex is an oil and natural gas exploration anddevelopment company. Its main strategh is to focus on the acquisitiomn of oil and natural gas mineral leasesw with existing production andcash flow.