PEDEVCO completed the merger with certain portfolio companies of Juniper Capital.

PEDEVCO, a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects, completed the merger with certain portfolio companies of Juniper Capital, an energy investment firm. PEDEVCO has issued 10.65m shares of Series A Convertible Preferred Shares to Juniper, which will automatically converted into 106.5m shares of common stock. "We believe that this transaction marks a transformative step for PEDEVCO, positioning us to accelerate a consolidation and growth strategy centered in the Rockies. There is significant opportunity to build a leading oil and gas company in the region through both organic growth and the acquisition of assets on terms that we expect to be more attractive than what we are seeing in other areas, including the Permian Basin. We look forward to working with our new team members and the new members of our Board to execute this strategy over the next several years, with a continued focus on increasing shareholder value while continually maintaining a strong balance sheet,” J. Douglas Schick, PEDEVCO President and CEO.