GeoResources, Inc. Announces Closing of Common Stock Offering

HOUSTON--(BUSINESS WIRE)--GeoResources, Inc. (NASDAQ:GEOI) today announced that in connection with the Company’s previously announced public offering of 5,360,000 shares of common stock, of which 4,500,000 shares were sold by the Company and 860,000 shares were sold by certain selling shareholders, at a price to the public of $25.00 per share, the underwriters exercised in full their option to purchase an additional 675,000 shares of the Company’s common stock from the Company and an additional 129,000 shares from the selling shareholders. The Company also announced that the closing of the offering and the over-allotment option took place simultaneously today.