UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 26, 2012 (September 24, 2012)
VOYAGER OIL & GAS, INC.
(Exact name of registrant as specified in its charter)
| Montana | 1-35097 | 77-0639000 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1600 Broadway, Suite 1040
Denver, Colorado 80202
(Address of principal executive offices, including zip code)
(303) 323-0008
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On September 24, 2012, Voyager Oil & Gas, Inc. (doing business under the assumed business name Emerald Oil, Inc.) (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”), filed herewith as Exhibit 1.1, with Johnson Rice & Company L.L.C., as representative of the several underwriters named therein (collectively, the “Underwriters”), and Global Hunter Securities, L.L.C., as the qualified independent underwriter, pursuant to which the Company will sell 93,750,000 shares of its common stock, par value $0.001 per share (“Common Stock”), at a public offering price of $0.80 per share. The Underwriters were also granted an over-allotment option for a period of 30 days to purchase up to a maximum of 14,062,500 additional shares of the Common Stock from the Company. The material terms of the offering of the shares of Common Stock are described in the prospectus supplement dated September 25, 2012, as filed by the Company with the Securities and Exchange Commission (the “Commission”). The offer and sale of the shares of Common Stock were registered with the Commission pursuant to a Registration Statement on Form S-3 (File No. 333-181551), and the closing is expected to occur on September 28, 2012.
The Company intends to use the net proceeds from this offering of approximately $69.1 million (after deducting underwriting discounts and commissions and estimated offering expenses) and the net proceeds from any exercise of the underwriters’ option to purchase additional shares of Common Stock, along with cash on hand, to repay a portion of its outstanding indebtedness, fund its drilling and development expenditures and leasehold acquisitions, including its McKenzie County, North Dakota acreage acquisition, and for general corporate purposes, including working capital.
Some of the Underwriters and their affiliates have performed investment and commercial banking and advisory services for the Company and its affiliates from time to time for which they have received customary fees and expenses. The Underwriters and their affiliates may, from time to time, engage in transactions with and perform services for the Company in the ordinary course of their business.
The Underwriting Agreement contains customary representations, warranties and agreements of the Company, and customary conditions to closing, indemnification rights, obligations of the parties and termination provisions. The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to such Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On September 25, 2012, the Company issued a press release entitled “Emerald Oil, Inc. Announces Pricing of Public Offering of Common Stock.” A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 in this Current Report on Form 8-K, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“the Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed in accordance with the provisions of Item 601 of Regulation S-K:
| Exhibit | Exhibit Description |
| 1.1* | Underwriting Agreement dated as of September 24, 2012, among Voyager Oil & Gas, Inc., Johnson Rice & Company L.L.C., as representative of the several underwriters, and Global Hunter Securities, L.L.C., as the qualified independent underwriter. |
| 5.1* | Opinion of Moulton Bellingham PC. |
| 23.1 | Consent of Moulton Bellingham PC (included in Exhibit 5.1). |
| 99.1** | Press release dated September 25, 2012. |
* Filed herewith
** Furnished herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| VOYAGER OIL & GAS, INC. (Doing business under the assumed business name Emerald Oil, Inc.) | |
| By: /s/ Mitchell R. Thompson Mitchell R. Thompson Chief Accounting Officer |
Date: September 26, 2012
EXHIBIT INDEX
| Exhibit | Exhibit Description |
| 1.1* | Underwriting Agreement dated as of September 24, 2012, among Voyager Oil & Gas, Inc., Johnson Rice & Company L.L.C., as representative of the several underwriters, and Global Hunter Securities, L.L.C., as the qualified independent underwriter. |
| 5.1* | Opinion of Moulton Bellingham PC. |
| 23.1 | Consent of Moulton Bellingham PC (included in Exhibit 5.1). |
| 99.1** | Press release dated September 25, 2012. |
* Filed herewith
** Furnished herewith