TheNewsRoom | Offerings Drive Down Shares: PDC, BZ, JRCC

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Offerings Drive Down Shares: PDC, BZ, JRCC

November 12, 2009

Pioneer Drilling Company (PDC) priced an overnight offering of 3.82 million common shares, at 6 dollars and 75 cents each. Pioneer said it plans to use the proceeds for a variety of possible purposes, including working capital, acquisitions, and payind down debt.