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Halcón Resources Announces Pricing of Secondary Offering by Selling Shareholder
Halcón Resources
HOUSTON, TEXAS, (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced the pricing of an underwritten secondary offering of 35,000,000 shares of its common stock offered by EnCap Energy Capital Fund VIII L.P. (the "Selling Shareholder") at $7.00 per share. The underwriters have a 30- day option to purchase up to 5,250,000 additional shares (100% secondary) of common stock from the Selling Shareholder. Halcón will not sell any shares or receive any proceeds from the offering. The offering is expected to close on or about September 18, 2012, subject to customary closing conditions.
Barclays, Goldman, Sachs & Co. and J.P. Morgan are acting as the joint book-running managers of the offering. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended. Any offer, if at all, will be made only by means of a prospectus forming a part of the effective registration statement. Copies of the preliminary prospectus may be obtained from:
- Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717; barclaysprospectus@broadridge.com; (888) 603-5847
- Goldman, Sachs & Co. Prospectus Department 200 West Street New York, NY 10282;prospectus-ny@ny.email.gs.com; (866) 471-2526
- J.P. Morgan c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717; (866) 803-9204
The registration statement relating to the foregoing has previously been filed with the U.S. Securities and Exchange Commission and became effective upon filing. This press release does not constitute an offer to sell or a solicitation of an offer to buy the shares of common stock or any other securities, nor will there be any sale of the shares of common stock or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Additional Information for Investors This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Halcón cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements. These statements are based upon current beliefs or expectations and are subject to various risks and uncertainties, including those set forth in Halcón's registration statement and other filings with the U.S. Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2011, and Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 (copies of which may be obtained from the SEC's website at http://www.sec.gov). Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. Halcón undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in Halcón's expectations.
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.
CONTACT: Scott M. Zuehlke VP, Investor Relations Halcon Resources (832) 538-0314 Source: Halcon Resources News Provided by Acquire Media