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Ex-Petrohawk Chief Executive To Take The Reins At RAM Energy

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Bertie Taylor
December 22, 2011

RAM Energy Resources Inc. has reached agreement with Halcon Resources LLC, a newly-formed, private company led by Floyd C. Wilson, former chairman and chief executive of Petrohawk Energy Corp., for a capital investment in RAM.  The investment is comprised of $275 million in new common stock, $275 million of five-year convertible note, and warrants for the purchase of an additional 110 million shares of common stock.  Closing is expected during the  first quarter of 2012. 

Larry E. Lee, co-founder, chairman and chief executive officer of RAM commented, “We view this ...

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