Ring Energy Inc. - 2013-12-05
Description
Priced the underwritten offering of 5 million shares of common stock with an over-allotment option at $10 per share. Net proceeds will be used to fund drilling and development, to pay for additional oil and gas leases, to pay down borrowings, and for acquisitions. SunTrust Robinson Humphrey Inc. is sole book-running manager. Capital One Securities Inc., Global Hunter Securities LLC, Euro Pacific Capital Inc., IBERIA Capital Partners LLC, Noble Financial Capital Markets, Northland Capital Markets, and Roth Capital Partners LLC are co-managers.