Exhibit 99.4
TENGASCO, INC.
000 Xxxx Xxxxxx
Xxxxx 000
Xxxxxxxxx, XX 00000
36,300,000 SHARES OF COMMON STOCK,
ISSUABLE UPON EXERCISE OF SUBSCRIPTION RIGHTS
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| THE SUBSCRIPTION RIGHTS ARE EXERCISABLE UNTIL 5:00 P.M., NEW YORK CITY TIME, |
| ON APRIL ____, 2004 UNLESS EXTENDED. |
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-------------, 2004
To: Securities Dealers, Commercial Banks, Trust Companies, and Other Nominees
This letter is being distributed to securities dealers, commercial
banks, trust companies and other nominees in connection with the offering by
Tengasco, Inc. of an aggregate of 36,300,000 shares (the "Shares") of the
Company's common stock ("Common Stock") at a subscription price of $0.25 per
Share purchased (the "Subscription Price"), pursuant to the exercise of
non-transferable subscription rights ("Subscription Rights") initially
distributed to all holders of record of shares of the Common Stock as of the
close of business on ______________, 2004. The Subscription Rights, including
the oversubscription privilege, are described in the enclosed prospectus and
evidenced by a Rights Certificate registered in your name or in the name of your
nominee.
Each beneficial owner of shares of Common Stock registered in your name
or the name of your nominee is entitled to one Subscription Right for each share
of Common Stock owned by such beneficial owner. Shareholders may purchase three
Shares for each Subscription Right exercised. Shareholders will not receive
fractional Subscription Rights, but instead Subscription Rights will be rounded
down to the next lowest full Subscription Right.
We are asking you to contact your clients for whom you hold shares of
Common Stock registered in your name or in the name of your nominee to obtain
instructions with respect to the Subscription Rights.
Enclosed are copies of the following documents for you to use:
1. Prospectus;
2. Form of Letter from Tengasco, Inc. to its Shareholders;
3. Instructions for Use of Tengasco, Inc. Rights Certificates;
Return envelope addressed to Mellon Investor Services LLC as
Subscription Agent.
Your prompt action is requested. The Subscription Rights will expire at
5:00 P.M., New York City time, on ------------------------------, 2004 (as it
may be extended, the "Expiration Date").
To exercise Subscription Rights, properly completed and executed Rights
Certificates and payment in full for all Subscription Rights exercised must be
delivered to the Subscription Agent as indicated in the prospectus prior to the
Expiration Date.
The Company will not pay any fees or commissions to any broker, dealer
or other person for soliciting subscriptions for Subscription Rights pursuant to
the rights offering, other than the Subscription Agent and the information agent
as described in the prospectus.
Additional copies of the enclosed materials may be obtained by
contacting Mellon Investor Services LLC toll free at 000-000-0000.
Sincerely,
TENGASCO, INC.
NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF XXXXXXXX, INC., THE SUBSCRIPTION AGENT OR ANY OTHER PERSON
MAKING OR DEEMED TO BE MAKING OFFERS OF THE SECURITIES ISSUABLE UPON VALID
EXERCISE OF THE RIGHTS, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE ANY
STATEMENTS ON BEHALF OF ANY OF THEM WITH RESPECT TO THE OFFERING EXCEPT FOR
STATEMENTS MADE IN THE PROSPECTUS.
