September 30, 2009 (FinancialWire) — PMFG, Inc. (NASDAQ: PMFG) has filed a registration statement with the Securities and Exchange Commission that, when declared effective by the SEC, would allow the company to sell, from time to time, up to $60 million of the company’s equity securities in one or more offerings.

The proposed registration statement is intended to give the company greater flexibility to raise funds from the offering of its equity securities, subject to market conditions and the company’s capital needs. The terms of any offering under the registration statement will be established at the time of the offering.

When declared effective by the SEC, the registration statement would enable the company to raise funds from the offering through underwriters, agents, dealers or by sales to direct purchasers. The proceeds from the sales of securities by the company under the registration statement will be used for the purposes described in a prospectus supplement filed at the time of any offering. Under the terms of our existing credit agreement, all or part of the net proceeds from any offering may be required to be used to repay indebtedness under the credit agreement.

In addition, the company filed a resale registration statement with the SEC that, when declared effective by the SEC, would allow the holders of its series A convertible preferred stock and warrants issued on September 4, 2009 to sell, from time to time, shares of the company’s common stock received upon conversion of the preferred stock or exercise of the warrants.

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