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Emerald Oil sells common stock to White Deer private equity firm

Emerald Oil announced it has signed a definitive agreement with affiliates of White Deer Energy, an energy private equity firm, to issue and sell a number of the Company's shares of common stock that, inclusive of the warrants held by White Deer, equals 19.9% of the Company's common stock outstanding immediately after the closing of the Company's previously announced proposed public offering at a purchase price per share equal to the net price per share of the proposed public offering, plus 0.95% of the gross price per share of the proposed public offering.