Abraxas

Canaccord Genuity is pleased to announce that on January 25, 2017, it completed a follow-on public offering of common stock for Abraxas Petroleum Corporation. The Company issued a total of 25,000,000 shares at a price of US$2.40 per common share. Canaccord Genuity acted as joint book-runner for the offering.

Abraxas Petroleum is a San Antonio based crude oil and natural gas exploration and production company with operations across the Rocky Mountain, Permian Basin and Gulf Coast regions of the United States and in the province of Alberta, Canada.