Royale Energy negotiates $7.73 million at-the-market offering of stock

Roth is the agent; deal funds oil, natural gas property acquisitions

By Devika Patel

Knoxville, Tenn., May 21 – Royale Energy, Inc. arranged a $7,726,103 at-the-market offering of common stock on May 20, according to an 8-K and prospectus supplement filed Thursday with the Securities and Exchange Commission.

Roth Capital Partners, LLC is the agent and will be paid a 3.5% commission.

Proceeds will be used to acquire and develop oil and natural gas properties and for working capital.

The San Diego company is an independent oil and natural gas producer.

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