Maxim Group acted as co-manager on FX Energy Inc.’s $20.0 million preferred stock offering

Salt Lake City, July 17, 2014 – FX Energy, Inc. (NASDAQ: FXEN) (the “Company”) announced today that it has closed its underwritten public offering of 800,000 shares of its 9.25% Series B Cumulative Convertible Preferred Stock (the “Series B Preferred Stock”) at a public offering price of $25.00 per share. Holders of Series B Preferred Stock may convert their shares, in whole or in part, into shares of the Company’s common stock at a conversion price of $5.00 per share. The Company may cause conversion of the Series B Preferred Stock if the trading price of its common stock exceeds $6.00 for 20 trading days in any consecutive 30 trading day period.

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