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New York, NY -- (SBWIRE) -- 10/22/2012 -- Samson Oil and Gas Ltd announced the issuance of 5,406,460 ordinary fully paid shares at AUD 0.015 each pursuant to the exercise of listed options. Samson Oil & Gas (AMEX:SSN) is -0.10 - -11.44% from the previous close of $0.8745. It traded between $0.7618 - 0.8701 with total traded volume of 703238 shares. At Current Market Price, SSN is in distance of -24.76% from its 50-day Moving Average price of $1.0294 and -43.82% from its 200-day Moving Average price of $1.3785.
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ZaZa Energy Corp (NASDAQ:ZAZA)announced the pricing of an offering of $40.0 million aggregate amount of Convertible Senior Notes due 2017 in a private placement to qualified institutional buyers and accredited investors. ZaZa intends to use the net proceeds from the offering, after discounts and offering expenses, to fund drilling capital expenditures and leasehold transactions and for general corporate purposes. The Convertible Notes will be the senior, unsecured obligations of ZaZa. They will bear interest at a fixed rate of 9.0% per year, payable semiannually in arrears on February 1 and August 1 of each year, beginning February 1, 2013. Interest on the Convertible Notes will accrue from October 22, 2012. The Convertible Notes will mature on August 1, 2017, unless earlier converted, redeemed or repurchased. The Convertible Notes will be convertible at any time prior to the third trading day immediately preceding the maturity date, at the option of the holders, into shares of Zaza's common stock. The conversion rate will initially be 400.0000 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of $2.50 per share of common stock) and will be subject to adjustment upon the occurrence of certain events. In addition, ZaZa will, in certain circumstances, increase the conversion rate for holders who convert their Convertible Notes in connection with a make-whole fundamental change.
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Horizon Pharma, Inc. (NASDAQ:HZNP) is a biopharmaceutical company that develops and commercializes medicines to target unmet therapeutic needs in arthritis, pain and inflammatory diseases. Horizon Pharma, I (NGM:HZNP) reported EPS of -6.182. For the Current Fiscal year, the company is expected to report EPS of -2.09. For the Next Quarter and Next Year, the company is expected to report EPS of -0.43 and -1.16 respectively. At Current Market Price, HZNP is in distance of -21.66% from its 50-day Moving Average price of $3.7434 and -36.42% from its 200-day Moving Average price of $4.6121.
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Meadowbrook Insurance Group, Inc. (NYSE:MIG) is a specialty commercial insurance underwriter and insurance administration services company. Meadowbrook markets and underwrites specialty property and casualty insurance programs and products on both an admitted and non-admitted basis through the network of independent retail agents, wholesalers, program administrators and general agents. Meadowbrook Insurance Group, Inc.(NYSE:MIG) shares closed at $6.18 after declining 20.67% in yesterday’s session after the company said that it expects to record a pre-tax expense of $31.4 million, or 14.0 combined ratio points in the third quarter of 2012, related to an increase in net ultimate loss estimates for 2011 and prior accident years and $7.9 million, or 3.5 combined ratio points of higher than expected storm losses in the quarter.Additionally, RBC Capital lowered shares of MIG from a sector perform rating to an underperform rating in a research report released last week.
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