Ring Energy Inc.
Description
Priced public offering of 6.525 million common shares at $11.50 each. Underwriters received 30-day option to purchase 978,750 additional shares. Net proceeds will fund 2017 capex program, repay credit facility debt and support general corporate purposes. SunTrust Robinson Humphrey Inc. and Seaport Global Securities LLC are joint book-running managers. Canaccord Genuity Inc., Capital One Securities Inc., Euro Pacific Capital Inc., IBERIA Capital Partners LLC, Northland Securities Inc., Roth Capital Partners and Wunderlich Securities Inc. are co-managers.