RAM Energy Announces 1-for3 Reverse Stock Split Effective Feb 10 -Filing

RAM Energy

and Halcon have scheduled the closing of the transactions contemplated by the Purchase Agreement to occur on February 8, 2012 (the “Closing”). On January 18, 2012, the Board of Directors of the Company set February 10, 2012 as the effective date of the Reverse Split, contingent upon the occurrence of the Closing on February 8, 2012. If the Closing occurs on February 8, 2012, the Reverse Split will be implemented effective at the opening of trading on February 10, 2012. The number of shares of the Company's common stock issuable upon the exercise or conversion of the Warrants and the Note and their respective exercise and conversion prices will be appropriately adjusted to reflect the effects of the Reverse Split. Any resulting fractional shares will be rounded up to the next whole share. The Reverse Split will not be implemented in the event the Halcon transaction fails to close. View filing

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