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Miller Energy Resources, Inc. Raises $15.755 Million In Public Offering Of Preferred Stock

Stocks in this article: MILL

Miller Energy Resources, Inc. (NYSE: MILL) (the “Company”) today announced it has completed and closed its previously announced public offering of 10.75% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred”). The Company issued 685,000 shares of the Series C Preferred stock at a price of $23.00 per share, yielding gross proceeds of $15.755 million. The underwriters for this offering included MLV & Co. and Maxim Group LLC, acting as Joint Book-Running Managers, and Williams Financial Group and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB:NHLD), as Co-Managers.

The Series C Preferred will be traded on the New York Stock Exchange under the symbol MILLprC. The net proceeds will be used for general corporate purposes by the Company.

The offering was made pursuant to the Company’s existing effective shelf registration statement, previously filed with the Securities and Exchange Commission (“SEC”) and a final prospectus supplement, filed with the SEC on September 28, 2012. Copies of the prospectus and accompanying prospectus supplement relating to these securities may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or by written request to Miller Energy Resources, Inc., 9721 Cogdill Road, Suite 302, Knoxville, TN 37932. Alternatively, you may obtain these documents by contacting the underwriters at MLV & Co. LLC, 1251 Avenue of the Americas, New York, NY 10020, Attention: Randy Billhardt, Email: rbillhardt@mlvco.com; Telephone: (212) 542-5882 or Maxim Group LLC, 405 Lexington Avenue, 2nd FL, New York, NY 10174, Attention Paul LaRosa, Email: plarosa@maximgrp.com; Telephone: (212) 895-3695.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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