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Gulfport Energy Corp Announces Public Offering Of 9,000,000 Shares Of Common Stock


Monday, 17 Dec 2012 04:46pm EST 

Gulfport Energy Corp announced the commencement of an underwritten public offering of 9,000,000 shares of its common stock, subject to market and other conditions. The underwriters will have an option to purchase up to an additional 1,350,000 shares from Gulfport solely to cover over-allotments. Gulfport intends to use the net proceeds from this offering, together with the net proceeds from a possible private placement of high yield notes, to fund its previously announced 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 drilling programs. Credit Suisse Securities (USA) LLC is acting as sole book-running manager in the offering. 

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