Halcón Resources Announces Public Offering of Common Stock
February 06 2018 - 3:01PM
Halcón Resources Corporation (NYSE:HK) (“Halcón”
or the “Company”), today announced the launch of an underwritten
public offering of 8,000,000 shares of its common stock (the
“offering”). The Company expects to grant the underwriters an
option for 30 days to purchase up to an additional 1,200,000 shares
of the Company’s common stock.
The Company intends to use the net proceeds from
the offering to fund a portion of the purchase price for its
recently announced acquisitions of Southern Delaware Basin assets
(the “Acquisition”) and for general corporate purposes. The
offering is not conditioned upon the closing of the
Acquisition.
J.P. Morgan is acting as sole book-running
manager for the offering. The offering will be made only by means
of a prospectus, forming a part of the Company's effective shelf
registration statement filed with the Securities and Exchange
Commission and effective April 28, 2017, related prospectus
supplement and other related documents. You may obtain these
documents for free by visiting EDGAR on the Securities and Exchange
Commission website at www.sec.gov. Additionally, copies of the
preliminary prospectus supplement and the related base prospectus
may be obtained from:
J.P.
Morgan
via
Broadridge Financial Solutions
1155
Long Island Avenue
Edgewood,
New York, 11717
Telephone:
(866) 803-9204
E-mail:
prospectus-eq_fi@jpmchase.com
This press release is neither an offer to sell
nor a solicitation of an offer to buy any of these securities and
shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is
unlawful.
About Halcón Resources
Halcón Resources Corporation is an independent
energy company engaged in the acquisition, production, exploration
and development of onshore oil and natural gas properties in the
United States.
Forward-Looking Statements
This release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements that are not strictly
historical statements constitute forward-looking statements
and may often, but not always, be identified by the use
of such words such as "expects", "believes", "intends",
"anticipates", "plans", "estimates", "potential",
"possible", or "probable" or statements that certain
actions, events or results "may", "will", "should", or "could" be
taken, occur or be achieved. Statements regarding our pending
acquisitions and divestitures are forward-looking statements; there
can be no guarantee that these transactions close on the timeframe
described herein or that they close at all. Forward-looking
statements are based on current beliefs and
expectations and involve certain assumptions or
estimates that involve various risks and uncertainties
that could cause actual results to differ materially from
those reflected in the statements. These risks include, but
are not limited to the risks set forth in the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2016 and
other filings submitted by the Company to the SEC, copies
of which may be obtained from the SEC's website at
www.sec.gov. Readers should not place undue reliance on any
such forward-looking statements, which are made only as of the date
hereof. The Company has no duty, and assumes no
obligation, to update forward-looking statements as a result
of new information, future events or changes in the
Company's expectations.
Quentin Hicks, Executive Vice President of Finance, Capital Markets & Investor Relations
832-538-0557
qhicks@halconresources.com.
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