Ring Energy prices offering of common stock

Ring Energy Inc.

Ring Energy Inc. (NYSE MKT: REI) has priced an underwritten public offering of 5 million shares of its common stock to the public at $10.00 per share. The company expects to close the sale of the shares of common stock on Dec. 11. The underwriters will have a 30-day option to purchase up to an additional 750,000 shares of common stock from the company at the offering price, less underwriting discounts and commissions, solely to cover over-allotments.

SunTrust Robinson Humphrey Inc. is acting as sole book-running manager, and 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 acting as co-managers for the offering.

Ring Energy intends to use the net proceeds from the offering to fund drilling and development of its properties, to pay for additional leases of oil and gas properties, to pay down borrowings under its credit facility, and to pay for acquisitions of oil and gas properties in and around existing properties.

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