MiningNewsBreaks – Ring Energy, Inc. (NYSE American: REI) Prices $60 Million Public Offering to Reduce DebtRing Energy (NYSE American: REI) announced the pricing of its underwritten public offering of 44,444,445 shares of common stock at $1.35 per share, generating expected gross proceeds of approximately $60 million, excluding any exercise of the underwriters’ option to purchase additional shares. The company said net proceeds will primarily be used to repay outstanding borrowings under its senior secured revolving credit facility, with any remaining funds allocated to general corporate purposes, while Mizuho, BofA Securities and Raymond James are serving as joint book-running managers for the offering.
Water Tower Research Publishes Initiation of Coverage Report on Ring Energy, Inc. Titled “Stronghold Assets Add Permian Scale and Free Cash Flow Generation Potential”Water Tower Research Publishes Initiation of Coverage Report on Ring Energy, Inc. Titled “Stronghold Assets Add Permian Scale and Free Cash Flow Generation Potential” November 29, 2022, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Ring Energy,
