Osprey Energy Announces Closing of Business Combination to Form Falcon Minerals Corporation
23 Agosto 2018 - 8:26AM
Osprey Energy Acquisition Corp. (“Osprey,” “Falcon Minerals” or the
“Company”) (NASDAQ: OSPR, OSPRU, OSPRW), today completed its
acquisition of the assets of Royal Resources L.P., an entity owned
by funds managed by Blackstone Energy Partners and Blackstone
Capital Partners. In connection with the closing, Osprey
changed its name to Falcon Minerals Corporation and expects its
Class A common stock and Warrants to trade on the Nasdaq under the
ticker symbols “FLMN” and “FLMNW” respectively, starting August 24,
2018.
Also in conjunction with the transaction, Daniel
C. Herz has been appointed as the Company’s Chief Executive Officer
and President. Mr. Herz previously served as Osprey’s
President. Additionally, Jeffrey F. Brotman has been
appointed Chief Financial Officer, Chief Legal Officer and
Secretary of Falcon Minerals, all of which were positions Mr.
Brotman recently held with Osprey.
“We are pleased to have completed our
transaction to form Falcon Minerals,” stated Daniel C. Herz, Chief
Executive Officer of Falcon Minerals. “Falcon is positioned to
become a world class minerals company benefiting from our core
position in the Eagle Ford Shale, and driven by the leading
operators in the region. We look forward to partnering with
Blackstone to take advantage of the opportunity to build a
substantial minerals company with best in class mineral
assets.”
Forward-Looking Statements
Certain statements contained in this press
release, which reflect the current views of the Company with
respect to future events, and any other statements of a future or
forward-looking nature, constitute “forward-looking statements” for
the purposes of applicable federal securities laws. These
forward-looking statements include, but are not limited to,
statements with respect to the future operating and financial
performance, business plans and prospects of the combined
company. In addition, any statements that refer to
projections, forecasts or other characterizations of future events
or circumstances, including any underlying assumptions, are
forward-looking statements. The forward-looking statements
contained in this press release are based on the Company’s current
expectations and beliefs concerning future developments and their
potential effects on the Company. There can be no assurance
that future developments affecting us will be those that we have
anticipated. You should not place undue reliance on these
forward-looking statements. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond
the Company’s control) or other assumptions that may cause actual
events to be materially different from those expressed or implied
by these forward-looking statements. A description of certain
risks and uncertainties and factors that could cause actual results
to differ materially from past results and future plans and
projected and estimated future results can be found in the
Company’s filings with the SEC, including the definitive proxy
statement filed by the Company with the SEC in connection with the
business combination and the Company’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2017, all of which are
available free of charge at www.sec.gov. None of the Company
or its affiliates or representatives assumes any obligation to
update or correct any forward-looking statements or other
information contained in this press release.
About Falcon Minerals
Corporation
Falcon Minerals Corporation, which was formerly
named Osprey Energy Acquisition Corp., is a C-Corporation formed to
own and acquire high growth core-of-the-core oil-weighted minerals
which generate substantial free cash flow. Falcon Minerals owns
mineral, royalty, and over-riding royalty interests covering
251,000 gross unit acres in the Eagle Ford and Austin Chalk in
Karnes County, DeWitt County, and Gonzales County Texas. For more
information, visit our website at www.falconminerals.com.
Contacts:
Falcon Minerals:Jeff Brotmanjbrotman@falconminerals.com(215)
832-4161
Osprey Energy Acquisition Corp. - Unit (delisted) (NASDAQ:OSPRU)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Osprey Energy Acquisition Corp. - Unit (delisted) (NASDAQ:OSPRU)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024