RAM Energy Resources Files for Public Offering of Shares

RAM Energy Resources, Inc. (Nasdaq: RAME) has filed a registration statement with the Securities and Exchange Commission for a public offering of shares of its common stock. Subject to market conditions and other considerations, the public offering of shares of its common stock would result in gross proceeds to RAM Energy Resources of up to $50 million, subject to increase upon exercise by the underwriters of their over-allotment option. Net proceeds from the offering will be used to repay outstanding indebtedness and for general corporate purposes. In addition, subject to market conditions, Danish Knights, A Limited Partnership, a principal stockholder of RAM Energy Resources, intends to sell a portion of its shares of common stock of RAME that would result in gross proceeds of $15 million. RAM Energy Resources will not receive any of the proceeds from the sale of shares by Danish Knights.

he book-running manager for the offering will be RBC Capital Markets. When available, copies of the preliminary prospectus related to the offering may be obtained from RBC Capital Markets, 165 Broadway, One Liberty Plaza, New York, NY 10006, Fax No. (212) 428-6260.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This release and the information contained herein does not constitute an offer to sell or the solicitation of an offer to purchase any shares of common stock or other securities of RAM Energy Resources, Inc. nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of crude oil and natural gas. Its common shares are traded on the Nasdaq under the symbol RAME. For additional information contact Robert Phaneuf, Vice President - Corporate Development, at 5100 East Skelly Drive, Suite 650, Tulsa, Oklahoma 74135.


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