Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-manager on this offering.

About

Synergy Resources Corporation (“Synergy” or the “Company”) (NYSE: SYRG) recently completed a follow-on offering of 51,750,000 common shares at a price of $5.80 per share, generating gross proceeds of approximately $300.2 million. The Company intends to use the proceeds from the offering to fund a portion of the purchase price related to the acquisition of acreage in the Wattenberg Field in the DJ Basin.

Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's core area of operations is in the DJ Basin, which encompasses Colorado, Wyoming, Kansas and Nebraska. The Company is headquartered in Denver, Colorado.

For additional information about this transaction, please contact:

Frank Murphy +1 (314) 445-6532
Nick Alfermann +1 (314) 445-6531
Justin Holsen +1 (414) 298-7768
Energy
Follow-on Offering
Date
June 2016
Company
Synergy Resources Corporation
Transaction
M&A
Sectors
Energy
Target Location
North America
Acquiror Location
North America

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