RAM Energy Resources Announces Conference Call to Review First Quarter 2008 Financial Results; Reiterates Warrant Expiration Dat
07 Mai 2008 - 10:51PM
Business Wire
RAM Energy Resources, Inc. (Nasdaq: RAME) announced today that the
Company plans to hold a teleconference call to review first quarter
2008 financial results and update operations on Thursday, May 8,
2008 at 3:00 p.m. Central Daylight Time. The call will be broadcast
live on a listen-only basis over the internet and interested
parties may access the webcast by visiting the RAM Energy
Resources, Inc. website at www.ramenergy.com. From the home page,
select the Investor Relations tab and then click on the microphone
icon. The teleconference may be accessed by dialing 800.299.7635
(domestic) or 617.786.2901 (international) and providing the call
identifier �40950438� to the operator. The webcast and the
accompanying slide presentation will be available for replay on the
company�s website. An audio replay will be available until May 16,
2008 by dialing 888.286.8010 (domestic) or 617.801.6888
(international) and using pass code �61054247�. Reiteration of RAM
Warrant Expiration Date Near 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
teleconference call, 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 actions taken and to be taken by the company or 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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