Ring Energy launches common stock offering

Ring Energy Inc. (NYSE MKT: REI) intends to offer and sell shares of its common stock in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering solely to cover over-allotments.

The company intends to use the net proceeds from the offering to fund its acquisition of producing wells and leaseholds in Culberson and Reeves counties, Texas, and for general corporate purposes.

SunTrust Robinson Humphrey, Inc. is acting as sole bookrunner for the offering. Seaport Global Securities LLC and Euro Pacific Capital Inc. are acting as senior co-managers for the offering.

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