Faruqi and Faruqui, LLP Logo
Share this page

Ring Energy, Inc. (RNGE)

(OTC BB: RNGE)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against Ring Energy, Inc. (RNGE) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ring Energy, Inc. (“Ring Energy” or the “Company”) (OTC BB: RNGE) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s Articles of Incorporation.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 11, 2013, the Board of Directors recommends that Ring Energy’s shareholders vote to approve an amendment to the Company’s Articles of Incorporation to increase the total common shares authorized from 75,000,000 to 150,000,000. The Board of Directors also recommends that shareholders approve an amendment to the Ring Energy, Inc. Long Term Incentive Plan which would increase the total shares authorized under the Plan from 2,500,000 to 5,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Ring Energy’s common stock.

If you own common stock in Ring Energy and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Ring Energy, Inc. (RNGE)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

MergerInfo Request
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.