Gastar Exploration Ltd. - 2011-06-20
Description
The company has priced an underwritten public offering of 646,295 shares of perpetual and non-convertible 8.625% Series A Cumulative Preferred Stock (liquidation preference of $25.00 per share) at a public offering price of $23.25 per share.
The net proceeds to the company from the offering will be approximately $13.8 million, after deducting underwriting discounts, commissions and estimated offering expenses.
McNiccol, Lewis & Vlak LLC is acting as book running manager for the offering.