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Miller Energy Resources Announces Public Offering of Series C Preferred Shares

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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."

Posted-In: News Offerings


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