Ring Energy completes public common stock offering

Ring Energy Inc. (NYSE MKT: REI) has completed the sale of 4,500,000 shares of its common stock resulting in gross proceeds of $51.75 million and estimated net proceeds of approximately $49 million, after deducting underwriting commissions and offering expenses payable by the company.

Ring Energy intends to use the net proceeds from this offering to fund a portion of its acquisition of producing wells and leaseholds in Culberson and Reeves counties, Texas, and for general corporate purposes.

In connection with the offering, SunTrust Robinson Humphrey, Inc. acted as sole bookrunner, Seaport Global Securities LLC and Euro Pacific Capital Inc. acted as senior co-managers, and IBERIA Capital Partners LLC, Northland Capital Markets, Roth Capital Partners, and Ladenburg Thalmann acted as co-managers.

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