Black Stone Minerals, L.P. (NYSE:BSM) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.

On May 8, 2017, Black Stone Minerals, L.P. (the “Partnership”) entered into merger agreements to acquire interests in certain mineral interests. The Partnership expects to use up to 2,494,562 common units valued at $41,908,641 to fund a portion of the consideration. The remaining portion of the consideration will be funded with cash. The Partnership expects that the transactions contemplated by the merger agreements will close no later than the third quarter of 2017. The transactions are subject to customary closing conditions and the consideration provided is subject to certain pre-closing adjustments.

The issuance of the common units to the merger agreements will be made in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, to Rule 506(c) of Regulation D thereunder. The recipients of the common units will be “accredited investors” (as defined under Regulation D), the recipients will acquire the common units for investment purposes only and not for resale and the Partnership will take appropriate measures to restrict the transfer of the common units issued and verify the accredited investor status of the recipients.

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About Black Stone Minerals, L.P. (NYSE:BSM)

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is maximizing the value of its existing portfolio of mineral and royalty assets through active management and expanding its asset base through acquisitions of additional mineral and royalty interests. As of December 31, 2016, it owned mineral interests in approximately 15.5 million acres, with an average 45.7% ownership interest in that acreage. As of December 31, 2016, it also owned nonparticipating royalty interests in 1.5 million acres and overriding royalty interests in 1.5 million acres. As of December 31, 2016, these non-cost-bearing interests, which it referred to collectively as its mineral and royalty interests, included ownership in 50,000 producing wells. As of December 31, 2016, its mineral and royalty interests were located in 41 states and in 64 onshore basins in the continental United States.

Black Stone Minerals, L.P. (NYSE:BSM) Recent Trading Information

Black Stone Minerals, L.P. (NYSE:BSM) closed its last trading session up +0.10 at 16.91 with 178,759 shares trading hands.