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Ring Energy to launch share offering, size not disclosed

Jun. 17, 2015 4:58 PM ETRing Energy, Inc. (REI) StockBy: Carl Surran, SA News Editor
  • Ring Energy (NYSE:REI) -1.4% AH after announcing a public offering of unspecified size, with an underwriters option to purchase up to an additional 15% of the shares offered.
  • REI says it plans to use the proceeds to fund the previously announced acquisition of producing wells and leaseholds in Texas' Culberson and Reeves counties, and for general corporate purposes.

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