Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 3:20 PM

This Slide: #543 of 609

Slide #543. Miller Energy Resources, Inc. — Preferred Stock Offering

Company:	Miller Energy Resources, Inc. (MILL)
Date announced:	2/11/2013
Security type:	10.75% Series C Cumulative Redeemable Preferred Stock (MILL.PRC)
Shares Offered:	625,000
Date of Pricing:	2/12/2013
Price Per Share:	$22.90
Date of Over-Allotment Closing:	2/15/2013
Preferred Stock Offering Details:	Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") 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, Maxim Group LLC, and Williams Financial Group are acting as underwriters to offer and sell the Series C Preferred Stock, on a "best efforts" basis. MLV & Co. LLC is acting as Sole Book-Running Manager and Maxim Group LLC and Williams Financial Group as Co-Managers for the offering. The Company intends to use the net proceeds from the offering for general corporate purposes. The Series C Preferred Stock is listed on the New York Stock Exchange ("NYSE") under the symbol "MILLprC." -- updated 2/12/13 - 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 $22.90 per share. The Series C Preferred Stock is currently traded on the NYSE under the ticker symbol MILLprC. --updated 2/15 - Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") announced today that it has completed and closed its previously announced underwritten public offering of its 10.75% Series C Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share) (the "Series C Preferred Stock"). The Company issued 625,000 shares, raising gross proceeds of $14.3 million. MLV & Co. LLC acted as Sole Book-Running Manager for the offering. Maxim Group LLC, National Securities Corporation, Aegis Capital Corp. and Williams Financial Group acted as Co-Managers

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.

Preferreds: MILL.PRC, MILL.PRD