Rex Energy (REXX) drops 5.8% AH after announcing a 7M share stock offering, good for proceeds of...

|About: Rex Energy Corporation (REXX)|By:, SA News Editor

Rex Energy (REXX) drops 5.8% AH after announcing a 7M share stock offering, good for proceeds of $74.3M as of today's close. The oil & gas producer plans to use the proceeds to repay borrowing made through its credit facility. Rex is also releasing its February 2012 corporate presentation.