Date: August 10, 2017
Contact: Paul W. Nester
Vice President and CFO
RGC RESOURCES, INC. FILES SHELF REGISTRATION STATEMENT
ROANOKE, Va. (August 10, 2017)--RGC Resources, Inc. (NASDAQ:
RGCO) announced today that it has filed a shelf registration
statement on Form S-3 with the United States Securities
and Exchange Commission (SEC). The registration statement,
once declared effective by the SEC, is intended to provide
the Company with flexibility to access the capital markets
in a timely manner.
RGC Resources' President and CEO, John D'Orazio, commented,
"This registration statement is part of our long-term
strategy around growing the business and supporting future
Under the shelf registration statement, once declared effective
by the SEC, RGC Resources may from time to time issue up
to an aggregate $50,000,000 of shares of its common stock
within a three year period. Currently, the Company has no
specific plans to issue securities under the registration
statement. After the shelf registration statement becomes
effective, RGC Resources may offer and sell securities covered
by the registration statement through one or more methods
of distribution, subject to market conditions and RGC Resources'
capital needs, including potential needs associated with
the Mountain Valley Pipeline project, as discussed in the
periodic reports the Company files with the SEC. The terms
of any offering under the shelf registration statement will
be established at the time of the offering and described
in a prospectus supplement filed with the SEC prior to the
completion of the offering.
The shelf 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 the registration statement becomes
effective. 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 jurisdiction
in which an offer, solicitation or sale would be unlawful
prior to registration and qualification under the securities
law of such jurisdiction. Any offering of the securities
covered by the shelf registration statement will be made
solely by means of a prospectus and an accompanying prospectus
supplement relating to that offering. A copy of the prospectus
included in the registration statement may be obtained on
the SEC's website at www.sec.gov.
RGC Resources provides energy and related products and services
to customers in Virginia through its operating subsidiary
Roanoke Gas Company. RGC Resources owns a 1% interest in
the Mountain Valley Pipeline project through its other operating
subsidiary RGC Midstream, LLC.
time to time, the Company may publish forward-looking statements
relating to such matters as its expectations and intentions,
anticipated financial performance, business prospects, technological
developments, new products, research and development activities
and similar matters. The Private Securities Litigation Reform
Act of 1995 provides a safe harbor for forward-looking statements.
In order to comply with the terms of the safe harbor, the
Company notes that a variety of factors as discussed in
its periodic reports filed with the SEC could cause the
Company's actual results and experience to differ materially
from the anticipated results or other expectations expressed
in the Company's forward-looking statements.