Warren Resources Files Shelf Statement with SEC - Shares Flat

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Warren Resources Inc. ( WRES ) has filed a universal Shelf Registration Statement with the Securities and Exchange Commission to replace its previous shelf registration statement, which expired in 2012.

The Shelf Registration Statement is intended to provide the Company with flexibility to access the public capital markets in order to respond to financing and business opportunities in the future but does not obligate the Company to do so. Although the Shelf Registration Statement relating to these securities has been filed with the SEC, it has not yet become effective. If and when the Shelf Registration Statement is declared effective by the SEC, the Company may, from time to time, issue up to an aggregate of $400 million of equity, debt or other types of securities through one or more methods of distribution.

WRES is down 0.3% at $3.01 in a 52-week range of $2.08 - $4.36.



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This article appears in: Investing , Commodities

Referenced Stocks: WRES

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