Granite Ridge Resources prices secondary offering of 7.1M shares at $5.00; no proceeds to company

Granite Ridge Resources, Inc.

Selling stockholders (Grey Rock funds) offer 7,100,000 shares of common stock at $5.00/share.
Company receives no proceeds from the offering; all shares sold by existing stockholders.
Underwriters have 30-day option to purchase up to an additional 1,065,000 shares.
Offering expected to close on September 15, 2023, subject to customary conditions.
BofA Securities, Evercore ISI, Capital One Securities and Stephens Inc. are joint book-runners.

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