Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Rights Offering

Par Petroleum Corporation $PARR announces $100mm rights offering

Par Petroleum Corporation (OTCQB: “PARR”) announced today that it intends to launch its previously announced registered rights offering on July 22, 2014. The Company intends to raise approximately $100 million of gross proceeds from the rights offering and plans to use the net proceeds from the rights offering to finance potential acquisitions, including the previously announced pending acquisition of Koko’oha Investments, Inc., and for general corporate purposes, including working capital. In the rights offering, each holder of the Company’s common stock as of the close of business on the record date of July 21, 2014 will be issued, at no charge, one transferable subscription right for each whole share of common stock owned by that stockholder on the record date. Each subscription right will entitle the holder thereof to purchase 0.21 of a share of the Company’s common stock at $16.00 per whole share. The shares currently trade at $20.12. Source: Filing

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