Ring Energy, Inc. Announces Common Stock Offering
17 Juli 2017 - 10:10PM
Business Wire
Ring Energy, Inc. (NYSE MKT: REI) (the “Company”) announced
today that it intends to offer shares of its common stock in an
underwritten public offering. The underwriters will have a 30-day
option to purchase up to an additional 15% of the shares of common
stock offered in the public offering. The offering is subject to
market conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
The Company intends to use the net proceeds from the offering to
fund its 2017 capital expenditure program and for general corporate
purposes.
SunTrust Robinson Humphrey, Inc. and Seaport Global Securities
LLC are acting as joint book-running managers in the offering.
The offering will be made only by means of a prospectus
supplement and accompanying base prospectus to a shelf registration
statement previously filed with and declared effective by the
Securities and Exchange Commission (the “SEC”). A copy of the
preliminary prospectus supplement and accompanying base prospectus
for the offering will be filed with the SEC and may be obtained
from the SEC’s website at http://www.sec.gov. In addition, copies may be
obtained, when available, by contacting (i) SunTrust Robinson
Humphrey, 3333 Peachtree Road NE, 9th Floor, Atlanta, GA 30326,
Attention: Prospectus Department; email:
strh.prospectus@suntrust.com; telephone: 404-926-5744; or fax:
404-926-5464 or (ii) Seaport Global Securities LLC, 360 Madison
Avenue, 21st Floor, New York, NY 10017; or telephone:
646-264-5601.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development and
production company with current operations in Texas.
www.ringenergy.com
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of the “safe-harbor” provisions of the Private Securities
Litigation Reform Act of 1995 that involve a wide variety of risks
and uncertainties, including, without limitations, statements with
respect to the Company’s strategy and prospects. Such statements
are subject to certain risks and uncertainties which are disclosed
in the Company’s reports filed with the SEC, including its Form
10-K for the fiscal year ended December 31, 2016, and its other
filings with the SEC. Readers and investors are cautioned that the
Company’s actual results may differ materially from those described
in the forward-looking statements due to a number of factors,
including, but not limited to, the Company’s ability to acquire
productive oil and/or gas properties or to successfully drill and
complete oil and/or gas wells on such properties, general economic
conditions both domestically and abroad, the conduct of business by
the Company, and other factors that may be more fully described in
additional documents set forth by the Company.
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K M Financial, Inc.Bill Parsons, 702-489-4447
Ring Energy (AMEX:REI)
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