AUSTIN, Texas, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Remora Royalties, Inc. (“Remora Royalties” or the “Company”) today announced that it has launched an initial public offering of 5,250,000 shares of its Class A common stock (the “common stock”), at an anticipated initial public offering price between $19.00 and $21.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 787,500 shares of common stock. The Company has been authorized to list the common stock on the Nasdaq Global Market under the symbol “RRI,” subject to official notice of issuance.
RBC Capital Markets, Wells Fargo Securities, UBS Investment Bank and Stifel are acting as joint book-running managers for the offering.
This offering will be made only by means of a written prospectus. A copy of the preliminary prospectus for the offering may be obtained, when available, from:
| RBC Capital Markets, LLC Attn: Equity Syndicate | Wells Fargo Securities, LLC Attn: Equity Syndicate Department |
| 200 Vesey Street, 8th Floor | 375 Park Avenue |
| New York, NY 10281-8098 Telephone: (877) 822-4089 Email: equityprospectus@rbccm.com | New York, NY 10152 Telephone: (800) 326-5897 Email: cmclientsupport@wellsfargo.com |
| UBS Securities LLC Attn: Prospectus Department | Stifel, Nicolaus & Company, Incorporated Attn: Syndicate |
| 1285 Avenue of the Americas | 1 South Street, 15th Floor |
| New York, NY 10019 Telephone: (888) 827-7275 Email: olprospectusrequest@ubs.com | Baltimore, MD 21202 Telephone: (855) 300-7136 Email: syndprospectus@stifel.com |
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov by searching under the registrant’s name, “Remora Royalties, Inc.” This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Remora Royalties, Inc.
Remora Royalties is a growth-oriented corporation formed to own and acquire overriding royalty, mineral and royalty interests in oil and natural gas properties. The Company’s royalty interests are located in 12 states and in 13 major onshore basins across the continental United States and include ownership in approximately 3,600 gross producing wells, predominantly in the Midcontinent, South Texas/Gulf Coast, East Texas/North Louisiana and Permian Basin, which are among the most historically prolific oil and natural gas regions in the United States.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of federal securities laws. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, including changes to business plans as circumstances warrant and risks relating to the securities markets generally. For a full discussion of these risks and uncertainties, please refer to the “Risk Factors” section of the Registration Statement on Form S-1. All statements, other than historical facts included in this press release, are forward-looking statements. The forward-looking statements contained in this press release are based on current plans and expectations and such statements speak only as of the date of this press release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact
Wes Harris
Al Petrie Advisors
(281) 740-1334
IR@remoraroyalties.com