Tudor Gold Corp. press release
InvestorNewsBreaks - U.S. Energy Corp. (NASDAQ: USEG) Secures $12.1M in Underwritten Public Offering
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InvestorNewsBreaks – U.S. Energy Corp. (NASDAQ: USEG) Secures $12.1M in Underwritten Public Offering
U.S. Energy (NASDAQ: USEG)has announced the closing of its underwritten public offering of 4,871,400 shares of its common stock, which included 635,400 shares sold pursuant to the exercise in full of the over-allotment option, par value $0.01 per share, at a public offering price of $2.65 per share. U.S. Energy secured approximately $12.1 million in total net proceeds, which it intends to use to fund growth capital for its industrial gas development project, including new industrial gas wells and processing plant and equipment, and to support upcoming operations. In addition, the proceeds received from the exercise of the over-allotment option may be utilized to purchase shares of common stock from Sage Road Capital, LLC, a related party, or its affiliates at a price equal to the net offering price received by the company. Roth Capital Partners acted as sole book-running manager for the offering.
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About U.S. Energy Corp.
U.S. Energy is a growth company focused on consolidating high-quality assets in the United States with the potential to optimize production and generate free cash flow through low-risk development while maintaining an attractive shareholder returns program. It is committed to being a leader in reducing the carbon footprint in the areas in which it operates. More information about U.S. Energy Corp. can be found at www.usnrg.com.
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Earlier from Tudor Gold Corp.
- U.S. Energy Corp. Announces Extension of $5.0 Million Share Repurchase Program and Separate Affiliate Share Repurchase
- D. Boral Capital Served as Co-manager to U.S. Energy Corp. (Nasdaq: USEG) in connection with its up to $12.1 Million Public Offering
- U.S. Energy Corp. Announces Closing of Underwritten Public Offering of Common Stock and Exercise in Full of Over-Allotment Option