Net proceeds of the offering available to RAM Energy Resources of approximately $28.1 million will be used to provide additional working capital for general corporate purposes, including acquisition, development, exploitation and exploration of oil and natural gas properties, and reduction of indebtedness.
RBC Capital Markets acted as sole book-running manager of the offering with Jefferies & Company, Johnson Rice & Company L.L.C., Sanders Morris Harris, Ferris, Baker Watts Incorporated, and Gilford Securities Incorporated as co-managers.
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 natural gas and crude oil. Company headquarters are in Tulsa, Oklahoma, and its common shares are traded on the Nasdaq under the symbol RAME.
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