Miller Energy Resources Inc. (NYSE: MILL) has priced an underwritten public offering of its 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share) at a public offering price of $24.50 per share. The Series D Preferred Stock is currently traded on the New York Stock Exchange LLC, or NYSE, under the ticker symbol MILLprD.

Gross proceeds to the company are expected to be approximately $18.375 million. Closing of the offering is scheduled for August 25, 2014, subject to customary closing conditions. The company intends to use the net proceeds, if any, from the offering for general corporate purposes. The Company is filing a supplemental listing application to list these shares of Series D Preferred Stock on the NYSE. MLV & Co. LLC and Maxim Group LLC are acting as joint book-running managers for the offering. Aegis Capital Corp., I-Bankers Securities, Inc., Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), National Securities Corp., a wholly owned subsidiary of National Holdings Inc. (OTCBB: NHLD), and Northland Capital Markets are acting as co-managers.

The offering is being made pursuant to Miller's existing effective shelf registration statement, previously filed with the Securities and Exchange Commission (SEC). A final prospectus supplement relating to the offering will be filed with the SEC.

Miller Energy is based in Knoxville, Tenn.