Ring Energy, Inc. Announces Common Stock Offering
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Ring Energy (REI) Prices 6.53M Share Common Stock Offering for Net Proceeds of ~$71M
December 6, 2016 8:59 AM ESTRing Energy, Inc. (NYSE: REI) announced that it has priced an underwritten public offering of 6,525,000 shares of its common stock to the public at $11.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 978,750 shares of common stock from the Company at the offering price (less the underwriting discounts and commissions). The Company expects to close the sale of the shares of common stock on December 9, 2016, subject to customary... More
