RGC Resources, Inc. Announces Common Stock Offering

ROANOKE, Va., March 14, 2018 -- 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.

This offering is being made under an effective shelf registration statement filed with the U. S. Securities and Exchange Commission, and only by means of a prospectus supplement for this offering and a related base prospectus.  Copies of the prospectus supplement and related base prospectus may be obtained by contacting:

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities, in any state or jurisdiction in which it is unlawful to make such an offer, solicitation or sale.

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.

Forward Looking Statements
This press release, the prospectus supplement and the prospectus contain forward-looking statements regarding our planned offer and sale of common stock and the use of the net proceeds from any such sale.  We cannot be sure that we will complete the offering or, if we do, on what terms we will complete it.  Forward-looking statements are based on current beliefs and expectations and are subject to inherent risks and uncertainties, including those discussed under the caption “Risk Factors” in the prospectus and prospectus supplement and in our most recent Form 10-K on file with the SEC.  In addition, RGC Resources management retains broad discretion with respect to the allocation of the net proceeds of this offering.  The forward-looking statements speak only as of the date of this press release, and RGC Resources is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.