Ram Energy Resources Files Public Offering

Tulsa-based Ram Energy Resources Inc. could gross $50 million in stock from a registration statement filed with the Securities and Exchange Commission.
Net proceeds from the offering would be used to repay outstanding debt and for general corporate purposes, the company said.
In addition, Danish Knights, a limited partnership that is 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.

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