RAM Energy Resources Announces Annual Meeting; Expiration Date of Warrants
03 April 2008 - 11:34PM
Business Wire
RAM Energy Resources, Inc. (Nasdaq: RAME) announced today that the
Company�s annual meeting of stockholders will be held at 10:00 a.m.
on May 8, 2008, at the Renaissance Tulsa Hotel and Convention
Center, 6808 South 107th East Avenue, Tulsa, Oklahoma. The record
date for determining stockholders entitled to vote at the annual
meeting has been set as April 8, 2008. RAM currently has
outstanding 18,848,800 publicly traded warrants (Nasdaq: RAMEW) to
purchase shares of the company�s common stock at an exercise price
of $5.00 per share. By their terms, the warrants expire if not
exercised by 5:00 p.m. on May 11, 2008. However, since May 11, 2008
is a legal holiday, applicable law allows that such condition may
be performed on the next succeeding business day. Accordingly, the
warrants may be exercised at any time prior to 5:00 p.m., EDT on
Monday, May 12, 2008 after which they will expire by their terms.
RAM has no plans to extend the terms of the warrants.
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 announcements pertaining to planned timing of
the company�s annual meeting, as well as the absence of plans to
extend the terms of outstanding warrants are 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 or developments 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, exploitation and exploration successes,
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. Company headquarters are in Tulsa, Oklahoma, and its common
shares are traded on the Nasdaq under the symbol RAME. For
additional information, visit the company website at
www.ramenergy.com.
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