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VNR Vanguard Natural Resources Llc (MM)

0.20
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vanguard Natural Resources Llc (MM) NASDAQ:VNR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.20 0.193 0.195 0 01:00:00

Vanguard Natural Resources Announces Additional Purchase of Common Units by Underwriters

26/08/2009 9:15pm

PR Newswire (US)


Vanguard Natural Resources Llc (MM) (NASDAQ:VNR)
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HOUSTON, Aug. 26 /PRNewswire-FirstCall/ -- Vanguard Natural Resources, LLC (NYSE:VNR) ("Vanguard" or "Company") announced today that the underwriters of its recent public offering of common units representing limited liability company interests ("Common Units") have purchased an additional 432,800 Common Units pursuant to a partial exercise of their over-allotment option. The proceeds to Vanguard of the over-allotment option exercise were approximately $5.9 million, net of underwriting discounts, commissions and estimated costs associated with the transaction. Vanguard used the net proceeds from the partial exercise of the over-allotment option to reduce outstanding indebtedness under its reserve-based credit facility. Citi, Wells Fargo Securities and RBC Capital Markets acted as joint book-running managers for the recent public offering. A copy of the prospectus supplement and the related base prospectus relating to the unit offering may be obtained from: Citi Attn: Prospectus Department Brooklyn Army Terminal 140 58th Street, 8th Floor Brooklyn, NY 11220 Phone: (800) 831-9146 Wells Fargo Securities Attn: Equity Syndicate Dept. 375 Park Avenue New York, New York 10152 Attn: Equity Syndicate Phone: (800) 326-5897 RBC Capital Markets Three World Financial Center 200 Vesey Street, 8th Floor New York, NY 10281-8098 Attention: Equity Syndicate Phone: (212) 428-6670 An electronic copy of the prospectus supplement and the accompanying base prospectus may also be obtained at no charge at the Security and Exchange Commission's website at http://www.sec.gov/. The Common Units were offered pursuant to an effective registration statement that Vanguard previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy units or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of the Common Units will only be made by means of the prospectus supplement and the related base prospectus. About Vanguard Natural Resources, LLC Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of natural gas and oil properties. The Company's assets consist primarily of producing and non-producing natural gas and oil reserves located in the southern portion of the Appalachian Basin, the Permian Basin and South Texas. More information on the Company can be found at http://www.vnrllc.com/. CONTACT: Vanguard Natural Resources, LLC Investor Relations Richard Robert, EVP and CFO, 832-327-2258 DRG&E Jack Lascar/Carol Coale, 713-529-6600 DATASOURCE: Vanguard Natural Resources, LLC CONTACT: Investor Relations, Richard Robert, EVP and CFO of Vanguard Natural Resources, LLC, +1-832-327-2258, ; or Jack Lascar or Carol Coale, both of DRG&E, +1-713-529-6600, for Vanguard Natural Resources, LLC Web Site: http://www.vnrllc.com/

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