Ring Energy Inc. - 2016-04-21
Description
Completed a public offering of 11.5 million common shares, including 1.5 million shares in the underwriters’ overallotment. All of the shares were priced at $5.60 each, and net proceeds will support a horizontal drilling development program and general corporate purposes, and will repay revolving credit facility debt. SunTrust Robinson Humphrey Inc. and Seaport Global Securities LLC were joint book-running managers. Euro Pacific Capital Inc., IBERIA Capital Partners LLC, Ladenburg Thalmann & Co. Inc., Northland Securities Inc. and Roth Capital Partners LLC were financial advisers.