General Employment Enterprises Inc. (NYSE MKT: JOB), an Oakbrook Terrace, Ill.-based staffing provider, priced an underwritten public offering of 11.2 million shares of its common stock at 70 cents per share. The company estimates the net proceeds from this offering, after deductions and expenses, will be approximately $7.3 million.

The company also granted to the underwriters a 30-day option to acquire up to an additional 1.68 million shares to cover over-allotments. If the underwriters exercise their over-allotment option in full, net proceeds from the offering are expected to be approximately $8.4 million.

The company intends to use the proceeds from this offering for acquisitions, working capital and general corporate purposes.

The offering is expected to close July 27, subject to customary closing conditions. Roth Capital Partners is acting as the sole book-running manager of the offering. Maxim Group is participating as a co-manager.