Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 9:00 AM
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Slide #482. Miller Energy Resources, Inc. — Preferred Stock Offering
Miller Energy Resources, Inc. (MILL)
10.75% Series C Cumulative Redeemable Preferred Stock (MILL.PRC)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Miller Energy Resources, Inc. ("Miller Energy" or the "Company") (NYSE: MILL) announced today that it has commenced a new underwritten public offering of its 10.75% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"). MLV & Co. LLC is acting as Sole Book-Running Manager and Maxim Group LLC, National Securities Corporation and Aegis Capital Corp. as Co-Managers for the offering, which is being underwritten on a "best efforts" basis. The Company intends to use the net proceeds from the offering, if any, for general corporate purposes, including its drilling program. The Series C Preferred Stock is listed on the New York Stock Exchange LLC ("NYSE") under the symbol "MILLprC." --updated 5/7 - Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") announced today that it has priced an underwritten public offering of its 10.75% Series C Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share) (the "Series C Preferred Stock") at a public offering price of $22.25 per share. The Series C Preferred Stock is currently traded on the NYSE under the ticker symbol MILLprC.
Miller Energy Resources is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration, development and operation of oil and gas wells in the Appalachian region of east Tennessee and in southcentral Alaska. Co.'s Alaskan activities include the Cook Inlet, Susitna Basins, and North Fork Unit. Occasionally, during times of excess capacity, Co. provides these services on a contract basis to third-party customers primarily engaged in oil and natural gas exploration and production. As of Apr 30 2014, Co.'s net proved oil and gas reserves were 6.10 billion barrels of oil and 27.64 billion cubic feet of natural gas.
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