Matador Resources Company Announces Commencement of Public Offering of Common Stock
Matador Resources Company (NYSE: MTDR) (“Matador”) announced today that
it has commenced an underwritten public offering of 5,000,000 shares of
its common stock.
Matador intends to use the net proceeds from this offering for general
corporate purposes, including to fund a portion of its future capital
expenditures.
RBC Capital Markets is acting as the sole underwriter of the offering.
The underwriter may offer the shares of Matador’s common stock from time
to time for sale in one or more transactions on the New York Stock
Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time of
sale, at prices related to prevailing market prices or at negotiated
prices.
When available, copies of the preliminary prospectus supplement,
prospectus supplement and accompanying base prospectus relating to the
offering may be obtained free of charge on the Securities and Exchange
Commission’s website at www.sec.gov
or from the underwriter of the offering by sending a request to: RBC
Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY
10281-8098; Attention: Equity Syndicate; Phone: 877-822-4089; Email: equityprospectus@rbccm.com.
The shares of common stock will be offered and sold pursuant to an
effective shelf registration statement on Form S-3 previously filed with
the Securities and Exchange Commission. This press release does not
constitute an offer to sell or the solicitation of an offer to buy the
securities described herein, 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 jurisdiction. The
offering is being made only by means of a prospectus and related
prospectus supplement meeting the requirements of Section 10 of the
Securities Act of 1933, as amended (the “Securities Act”).
About Matador Resources Company
Matador is an independent energy company engaged in the exploration,
development, production and acquisition of oil and natural gas resources
in the United States, with an emphasis on oil and natural gas shale and
other unconventional plays. Its current operations are focused primarily
on the oil and liquids-rich portion of the Wolfcamp and Bone Spring
plays in the Delaware Basin in Southeast New Mexico and West Texas.
Matador also operates in the Eagle Ford shale play in South Texas and
the Haynesville shale and Cotton Valley plays in Northwest Louisiana and
East Texas.
Forward-Looking Statements
This press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act, and Section 21E of the
Securities Exchange Act of 1934, as amended. “Forward-looking
statements” are statements related to future, not past, events.
Forward-looking statements are based on current expectations and include
any statement that does not directly relate to a current or historical
fact. In this context, forward-looking statements often address expected
future business and financial performance, and often contain words such
as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,”
“expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,”
“project,” “hypothetical,” “forecasted” and similar expressions that are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Actual
results and future events could differ materially from those anticipated
in such statements, and such forward-looking statements may not prove to
be accurate. These forward-looking statements involve certain risks and
uncertainties, including, but not limited to, the following risks
related to financial and operational performance: general economic
conditions; Matador’s ability to execute its business plan, including
whether its drilling program is successful; changes in oil, natural gas
and natural gas liquids prices and the demand for oil, natural gas and
natural gas liquids; its ability to replace reserves and efficiently
develop current reserves; costs of operations; delays and other
difficulties related to producing oil, natural gas and natural gas
liquids; its ability to make acquisitions on economically acceptable
terms; its ability to integrate acquisitions, including the merger with
Harvey E. Yates Company; availability of sufficient capital to execute
its business plan, including from future cash flows, increases in its
borrowing base and otherwise; weather and environmental conditions; and
other important factors which could cause actual results to differ
materially from those anticipated or implied in the forward-looking
statements. For further discussions of risks and uncertainties, you
should refer to Matador's filings with the Securities and Exchange
Commission (the “SEC”), including the “Risk Factors” section of
Matador's most recent Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q. Matador undertakes no obligation and
does not intend to update these forward-looking statements to reflect
events or circumstances occurring after the date of this press release,
except as required by law, including the securities laws of the United
States and the rules and regulations of the SEC. You are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement.
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