 OKLAHOMA CITY, April 22, 2021 PRNewswire -- PHX Minerals Inc. NYSE: PHX PHX or the Company announced today that the underwriters of its recent public offering of common stock exercised their option to purchase an additional 675,000 shares of common stock at a price to the public of 2.00 per share, increasing the total number of shares purchased to 6,175,000. The net proceeds to the Company from this exercise are expected to be 1,269,000, after deducting the underwriting discount and other estimated offering expenses, resulting in total net proceeds from the offering of 11,209,000. 