HOUSTON, March 16, 2011 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE: NRP) today announced the commencement of a secondary public offering of 6 million common units representing limited partner interests in Natural Resource Partners L.P. through an offering registered under the Securities Act of 1933, as amended. The common units being offered are owned by Adena Minerals. The underwriters are expected to be granted a 30-day option to purchase up to 900,000 additional common units from Adena Minerals.
(Logo: http://photos.prnewswire.com/prnh/20060109/NRPLOGO)
Natural Resource Partners will not receive any of the proceeds from this offering and the number of outstanding common units of NRP will remain unchanged.
Morgan Stanley is acting as the book-running manager for the offering.
A copy of the preliminary prospectus supplement and the accompanying base prospectus relating to this offering, when available, may be obtained from Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by telephone at (866) 718-1649 or by email at [email protected]. Investors may also obtain these documents when they are available free of charge by visiting the Securities and Exchange Commission (the "SEC") website at http://www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities 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 jurisdiction. The common units will be offered and sold pursuant to an effective registration statement on Form S-3, as amended, previously filed with the SEC. This offering may be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the SEC.
Company Profile
Natural Resource Partners L.P. is a master limited partnership headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is principally engaged in the business of owning and managing mineral reserve properties. NRP primarily owns coal, aggregate and oil and gas reserves across the United States that generate royalty income for the partnership.
Forward-Looking Statements
This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the partnership. These risks include, but are not limited to, decreases in demand for coal; changes in operating conditions and costs; production cuts by our lessees; commodity prices; unanticipated geologic problems; changes in the legislative or regulatory environment and other factors detailed in Natural Resource Partners' Securities and Exchange Commission filings. Natural Resource Partners L.P. has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Natural Resource Partners L.P.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article