ROANOKE, Va., March 14, 2018 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (NASDAQ: RGCO) announced today the commencement of an underwritten public offering of its common stock with an aggregate value of approximately $14,000,000. In conjunction with this offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.

The net proceeds from the offering will be used to fund capital investments intended to support growth and for general corporate purposes.

BB&T Capital Markets, a division of BB&T Securities, LLC, and Janney Montgomery Scott LLC are acting as joint book-running managers of the offering. Seaport Global Securities is acting as a co-manager of the offering.

About RGC Resources, Inc.
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiary Roanoke Gas Company. It also holds an equity investment in the Mountain Valley Pipeline project through its subsidiary RGC Midstream, LLC.