UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report (date of earliest event reported): December 18, 2009 (December 16,
2009)
|
U.S.
ENERGY CORP.
|
|
(Exact
Name of Company as Specified in its
Charter)
|
|
Wyoming
|
0-6814
|
83-0205516
|
|
(State
or other jurisdiction of
|
(Commission
File No.)
|
(I.R.S.
Employer
|
|
incorporation
or organization)
|
Identification
No.)
|
|
|
Glen
L. Larsen Building
|
||
|
877
North 8th
West
Riverton,
WY
|
82501
|
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
|
|
Registrant's
telephone number, including area code: (307)
856-9271
|
||
|
Not
Applicable
|
|
Former
Name, Former Address or Former Fiscal Year,,
If
Changed From Last Report)
|
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2):
□ Written
communications pursuant to Rule 425 under the Securities Act
□ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
□ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
□ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
Section
8: Other Events
Item
8.01. Other Events.
On
December 16, 2009, U.S. Energy Corp. (the “Company”) closed its previously
announced public offering of 5 million shares of common stock at a public
offering price of $5.25 per share. The closing did not include any
exercise of the underwriters’ over-allotment option.
Net
proceeds from the offering (approximately $24.3 million after deducting
underwriting discounts, commissions, and estimated expenses) will be used to
fund capital requirements under drilling programs with Brigham Exploration
Company, and other joint venture partners, and for other general corporate
purposes.
Madison
Williams and Company LLC acted as Sole Book-Running and Lead Manager of the
public offering. C.K. Cooper & Company acted as
Co-Manager. Copies of the supplemental prospectus and related base
prospectus for the offering, and other documents the Company has filed with the
SEC, may be obtained without charge through the SEC’s Web site (www.sec.gov). Alternatively,
copies of the supplemental prospectus and the base prospectus may be obtained
from Madison Williams and Company LLC, 527 Madison Avenue, 14th
Floor, New York, New York 10022 (telephone 212.317.2700).
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
U.S.
ENERGY CORP.
|
||
|
Dated: December
18, 2009
|
By:
|
/s/
Keith G. Larsen
|
|
Keith
G. Larsen, CEO
|
||