Gulfport Energy Corp. - 2011-03-21
Description
Commenced an underwritten public offering of 4 million shares of its common stock, of which 2 million shares will be sold by Gulfport and 2 million shares will be sold by one of its stockholders. Net proceeds will be used primarily to fund its pending Utica shale acquisition and for general corporate purposes.
Credit Suisse Securities (USA) LLC and Johnson Rice & Company LLC are joint book-running managers.