Miller Energy Resources has reached an agreement with certain investors for the early exercise of warrants issued in connection with a private offering closed on March 26, 2010.

A similar arrangement was reached with a consultant to the Company under a warrant issued on May 20, 2011. Miller will receive $3,544,004 in gross proceeds from the transactions.

In exchange for receiving registered common stock from Miller, the participating investors agreed to exercise their warrants immediately in cash and to waive the right to exercise on a cashless basis.

Tags: Miller Energy Resources