U.S. Energy prices 8.8M share common stock offering at $1.00 per share

U.S. Energy (USEG) Corp. announced the pricing of its underwritten offering of 8.8M shares of its common stock at an offering price of $1.00 per share, for total gross proceeds, $8.8M. The offering is expected to close on March 10, subject to customary closing conditions. U.S. Energy plans to use the net proceeds of the offering to fund growth capital for its industrial gas development project, including processing plant and infrastructure, and to support upcoming operations. Roth Capital Partners is acting as sole book-running manager for the offering.