RAME Ram Energy Resources, Inc. (MM)

RAM Energy Resources, Inc. (Nasdaq:RAME) today announced that it had filed a registration statement with the Securities and Exchange Commission for a public offering of shares of its common stock. Subject to market conditions and other considerations, the public offering of shares of its common stock would result in gross proceeds to RAM Energy Resources of up to $50 million, subject to increase upon exercise by the underwriters of their over-allotment option. Net proceeds from the offering will be used to repay outstanding indebtedness and for general corporate purposes. In addition, subject to market conditions, Danish Knights, A Limited Partnership, a principal stockholder of RAM Energy Resources, intends to sell a portion of its shares of common stock of RAME that would result in gross proceeds of $15 million. RAM Energy Resources will not receive any of the proceeds from the sale of shares by Danish Knights. The book-running manager for the offering will be RBC Capital Markets. When available, copies of the preliminary prospectus related to the offering may be obtained from RBC Capital Markets, 165 Broadway, One Liberty Plaza, New York, NY 10006, Fax No. (212) 428-6260. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release and the information contained herein does not constitute an offer to sell or the solicitation of an offer to purchase any shares of common stock or other securities of RAM Energy Resources, Inc. nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Forward-Looking Statements This release includes certain statements that may be deemed to be �forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address the company�s intention to publicly offer shares of its common stock for sale and developments that the company expects or believes are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices and their impact on the price of RAM common stock, results of exploitation and exploration, actions taken and to be taken by the government as a result of political and economic conditions, continued availability of capital and financing, and general economic, market or business conditions as well as other risk factors described from time to time in the company�s filings with the SEC. The company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of crude oil and natural gas. Its common shares are traded on the Nasdaq under the symbol RAME. For additional information contact Robert Phaneuf, Vice President � Corporate Development, at 5100 East Skelly Drive, Suite 650, Tulsa, Oklahoma 74135 or visit the company website at www.ramenergy.com. RAM Energy Resources, Inc. (Nasdaq:RAME) today announced that it had filed a registration statement with the Securities and Exchange Commission for a public offering of shares of its common stock. Subject to market conditions and other considerations, the public offering of shares of its common stock would result in gross proceeds to RAM Energy Resources of up to $50 million, subject to increase upon exercise by the underwriters of their over-allotment option. Net proceeds from the offering will be used to repay outstanding indebtedness and for general corporate purposes. In addition, subject to market conditions, Danish Knights, A Limited Partnership, a principal stockholder of RAM Energy Resources, intends to sell a portion of its shares of common stock of RAME that would result in gross proceeds of $15 million. RAM Energy Resources will not receive any of the proceeds from the sale of shares by Danish Knights. The book-running manager for the offering will be RBC Capital Markets. When available, copies of the preliminary prospectus related to the offering may be obtained from RBC Capital Markets, 165 Broadway, One Liberty Plaza, New York, NY 10006, Fax No. (212) 428-6260. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release and the information contained herein does not constitute an offer to sell or the solicitation of an offer to purchase any shares of common stock or other securities of RAM Energy Resources, Inc. nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Forward-Looking Statements This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address the company's intention to publicly offer shares of its common stock for sale and developments that the company expects or believes are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include oil and gas prices and their impact on the price of RAM common stock, results of exploitation and exploration, actions taken and to be taken by the government as a result of political and economic conditions, continued availability of capital and financing, and general economic, market or business conditions as well as other risk factors described from time to time in the company's filings with the SEC. The company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of crude oil and natural gas. Its common shares are traded on the Nasdaq under the symbol RAME. For additional information contact Robert Phaneuf, Vice President - Corporate Development, at 5100 East Skelly Drive, Suite 650, Tulsa, Oklahoma 74135 or visit the company website at www.ramenergy.com.