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Ring Energy Opens Private Placement

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June 17, 2014

Ring Energy Inc. (NYSE MKT: REI) issued 2 million restricted common shares in a private offering for about $30 million in gross proceeds, the company said June 17.

The shares were priced at $15 each, and the offer is scheduled to close June 17, the company said.

SunTrust Robinson Humphrey was the lead placement agent, and Global Hunter Securities LLC was co-placement agent, Ring said.

Additionally, Ring Energy established a new senior secured revolving credit facility after entering an agreement, the company said. The new five-year facility’s maximum borrowing amount ...

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