** Shares of U.S. Energy Corp USEG.O fall ~11% to $3.37 premarket
** USEG says it is offering ~4.2 mln shares of common stock at $2.65 per share for total net proceeds of ~$10.5 million
** Offer price is at a ~30% discount to stock's last close
** USEG says net proceeds will be used to fund growth capital for co's industrial gas development project
** USEG has ~29.4 mln shares outstanding for $111.3 mln market cap - LSEG data
** Roth Capital Partners is book-running manager for the offering
** USEG gained ~50% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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