From Antero Resources, a Colorado-based company and a key player in Ohio's Utica shale:
DENVER, Sept. 30, 2013 /PRNewswire/ -- Antero Resources Corporation (the "Company") today announced the commencement of its initial public offering of 30,000,000 shares of its common stock, at an anticipated initial public offering price between $38.00 and $42.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). The selling stockholder named in the registration statement expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of the Company's common stock held by the selling stockholder to cover over-allotments if the underwriters sell more than 30,000,000 shares of the Company's common stock. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of the Company's common stock held by the Company to cover over-allotments if the underwriters sell more than 33,750,000 shares of common stock. Any exercise by the underwriters of their options to purchase additional shares of common stock will be made initially with respect to the 3,750,000 additional shares of common stock to be sold by the selling stockholder and then with respect to the 750,000 additional shares of common stock to be sold by the Company. The Company has been approved to list its common shares on the New York Stock Exchange (NYSE) under the symbol "AR," subject to official notice of issuance.
Barclays, Citigroup, J.P. Morgan, Credit Suisse, Jefferies and Wells Fargo Securities will act as book running managers of 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.
This offering will be made only by means of a written prospectus. A copy of the preliminary prospectus for the offering may be obtained, when available, from:
c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions J.P. Morgan
1155 Long Island Avenue 1155 Long Island Avenue c/o Broadridge Financial Solutions 1155 Long Island Avenue
Edgewood, New York 11717 Edgewood, New York 11717 Edgewood, New York 11717
firstname.lastname@example.org email@example.com Toll-Free: (866) 803-9204
Toll-Free: (888) 603-5847 Toll-Free: (800) 831-9146
Credit Suisse Jefferies Wells Fargo Securities
c/o Prospectus Department c/o Equity Syndicate Prospectus Department c/o Equity Syndicate Department
One Madison Avenue, Level B1 520 Madison Avenue 375 Park Avenue
New York, New York 10010 12th Floor New York, New York 10152
firstname.lastname@example.org New York, New York 10022 email@example.com
Toll-Free: (800) 221-1037 Prospectus_Department@Jefferies.com Toll-Free: (800) 326-5897
Toll-Free: (877) 547-6340
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.
Antero Resources Corporation is an independent oil and natural gas company engaged in the exploitation, development and acquisition of unconventional oil and liquids-rich natural gas properties primarily located in the Appalachian Basin in West Virginia, Ohio and Pennsylvania.