Jefferies sells, exercises warrants to purchase common stock of RAM Energy

By Lisa Kerner

Charlotte, N.C., May 14 - RAM Energy Resources, Inc. investors led by Jefferies & Co., Inc. reported the sale of 3,145,355 warrants to purchase common stock between May 6 and May 9.

The weighted average sales price per warrant ranged from $0.0458 to $0.065, according to a schedule 13D filing with the Securities and Exchange Commission.

In addition, on May 9 the investors exercised a total of 1,409,097 warrants to purchase common stock and received 1,861,360 shares of common stock.

The exercise price was $5.00, the filing stated.

Jefferies beneficially owns 15,207,132 shares, or 24.4%, of the Tulsa, Okla.-based independent energy company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.