Vanguard Natural Resources Announces Additional Purchase of Common Units by Underwriters
27 August 2009 - 6:15AM
PR Newswire (US)
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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