Gulfport Energy Corp. - 2012-12-19
Description
Priced an underwritten public offering of 11,000,000 shares of its common stock at a price of $38 per share. Net proceeds will be used to fund the pending acquisition of oil and gas assets in the Utica Shale in Ohio and for general corporate purposes, which may include expenditures associated with Gulfport's 2013 capital development plan. Credit Suisse Securities (USA) LLC is acting as sole book-running manager in the offering.