EX-99.1
8
ren-ex991_89.htm
EX-99.1
ren-ex991_89.htm
Exhibit 99.1
Resolute Energy Corporation Completes Closing of Delaware Basin Acquisition and
Private Offering of Preferred Stock
Denver, Colorado - October 7, 2016 -
Resolute Energy Corporation (NYSE: REN) (the "Company") today announced the closing of its previously announced acquisition of certain oil and gas properties located in Reeves County, Texas, for an aggregate purchase price of $135.0 million. The acquisition was financed in part with proceeds received from the previously announced private offering of shares of 8⅛% Series B Cumulative Perpetual Convertible Preferred Stock of the Company, which also closed today. The Company sold a total of 62,500 shares of the convertible preferred stock, which includes 7,500 shares issued in connection with the exercise by the initial purchaser of its over-allotment option. Total net proceeds from the sale of the convertible preferred stock, before offering expenses, was approximately $60.0 million.
About Resolute Energy Corporation
Resolute is an independent oil and gas company focused on the acquisition, exploration, exploitation and development of oil and gas properties, with a particular emphasis on liquids focused, long-lived onshore U.S. opportunities. Resolute's properties are located in the Paradox Basin in Utah and the Permian Basin in Texas and New Mexico.
Contact:
HB Juengling
Vice Presi
de
nt - Inv
e
stor
Relatio
n
s
Resolut
e
Energ
y
Corporation
303-534-4600
hbjuengling@resoluteenergy.com

EX - 99 . 1 8 ren - ex991 _ 89 . htm EX - 99 . 1 ren - ex991 _ 89 . htm Exhibit 99 . 1 Resolute Energy Corporation Completes Closing of Delaware Basin Acquisition and Private Offering of Preferred Stock Denver , Colorado - October 7 , 2016 - Resolute Energy Corporation ( NYSE : REN ) ( the " Company " ) today announced the closing of its previously announced acquisition of certain oil and gas properties located in Reeves County , Texas , for an aggregate purchase price of $ 135.0 million . The acquisition was financed in part with proceeds received from the previously announced private offering of shares of 8 ⅛ % Series B Cumulative Perpetual Convertible Preferred Stock of the Company , which also closed today . The Company sold a total of 62,500 shares of the convertible preferred stock , which includes 7,500 shares issued in connection with the exercise by the initial purchaser of its over - allotment option . Total net proceeds from the sale of the convertible preferred stock , before offering expenses , was approximately $ 60.0 million . About Resolute Energy Corporation Resolute is an independent oil and gas company focused on the acquisition , exploration , exploitation and development of oil and gas properties , with a particular emphasis on liquids focused , long - lived onshore U . S . opportunities . Resolute 's properties are located in the Paradox Basin in Utah and the Permian Basin in Texas and New Mexico . Contact : HB Juengling Vice Presi de nt - Inv e stor Relatio n s Resolut e Energ y Corporation 303 - 534 - 4600 hbjuengling@resoluteenergy.com