Synergy Resources Corp. closed its public offering of 45 million common shares, the company said May 10.

The total net proceeds were about $251.8 million, and they will finance a portion of the proposed acquisition of additional assets in the Wattenberg Field in Colorado, or support general corporate purposes if the offer is not carried through.

Credit Suisse was lead book-running manager, and BofA Merrill Lynch, Citigroup, KeyBanc Capital Markets and SunTrust Robinson Humphrey were also book-running managers.

Synergy Resources Corp. is based in Denver.