Approach Resources AREX today
announced that it has priced its previously announced underwritten
public offering of 5,000,000 shares of common stock at a price to the
public of $30.50 per share. The Company has granted the underwriters a
30-day option to purchase up to an additional 750,000 shares of common
stock. The Company expects to issue and deliver the shares on September
25, 2012, subject to customary closing conditions. The offering is being
made pursuant to an effective registration statement filed with the
Securities and Exchange Commission (the “SEC”).
The Company intends to use the net proceeds from the offering primarily
to fund its capital expenditures for the development of its Wolfcamp oil
See full press release
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