Approach Resources Inc. - 2010-11-11
Description
Has upsized and priced an underwritten public offering of common stock from 5 million shares of common stock to 5.75 million shares of common stock, at a price of US$16.25 per share. Net proceeds will be used to fund the development of its Wolffork oil resource play, for potential acquisitions of oil and gas leases and other properties in its core areas of operations and for general working capital needs. J.P. Morgan is acting as sole book-running manager; KeyBanc Capital Markets, Canaccord Genuity and RBC Capital Markets are co-managers.