Ring Energy, Inc. Announces Cancellation of Registered Direct Offering
October 26 2020 - 7:34PM
Business Wire
Ring Energy, Inc. (NYSEAM: REI) (the “Company”), today announced
it has cancelled the registered direct offering of the Company’s
securities announced last Thursday. The previously announced
offering—which was subject to required regulatory approvals which
have not yet been received—was for the purchase and sale to
institutional investors of $18 million of shares of the Company’s
common stock, pre-funded warrants and common warrants.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development and
production company with current operations in Texas and New
Mexico.
www.ringenergy.com
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of the “safe-harbor” provisions of the Private Securities
Litigation Reform Act of 1995 that involve a wide variety of risks
and uncertainties, including, without limitations, statements with
respect to the Company’s strategy and prospects. Such statements
are subject to certain risks and uncertainties which are disclosed
in the Company’s reports filed with the SEC, including its Form
10-K for the fiscal year ended December 31, 2019, its Form 10-Q for
the quarter ended June 30, 2020, and its other filings with the
SEC. Readers and investors are cautioned that the Company’s actual
results may differ materially from those described in the
forward-looking statements due to a number of factors, including,
but not limited to, the Company’s ability to acquire productive oil
and/or gas properties or to successfully drill and complete oil
and/or gas wells on such properties, general economic conditions
both domestically and abroad, the conduct of business by the
Company, and other factors that may be more fully described in
additional documents set forth by the Company.
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K M Financial, Inc. Bill Parsons, 702-489-4447
Ring Energy (AMEX:REI)
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