AUSTIN, Texas, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Remora Royalties, Inc. today announced that it has launched an initial public offering of 5,250,000 shares of its Class A common stock, at an anticipated initial public offering price between $19.00 and $21.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 787,500 shares of common stock. The Company has been authorized to list the common stock on the Nasdaq Global Market under the symbol “RRI,” subject to official notice of issuance.

RBC Capital Markets, Wells Fargo Securities, UBS Investment Bank and Stifel are acting as joint book-running managers for the offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov by searching under the registrant’s name, “Remora Royalties, Inc.” This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification ­­­under the securities laws of any such state or jurisdiction.

About Remora Royalties, Inc.

Remora Royalties is a growth-oriented corporation formed to own and acquire overriding royalty, mineral and royalty interests in oil and natural gas properties. The Company’s royalty interests are located in 12 states and in 13 major onshore basins across the continental United States and include ownership in approximately 3,600 gross producing wells, predominantly in the Midcontinent, South Texas/Gulf Coast, East Texas/North Louisiana and Permian Basin, which are among the most historically prolific oil and natural gas regions in the United States.