Published on 5/15/2009 in the Prospect News PIPE Daily.
New Issue: GeoPark concludes £7.73 million private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., May 15 - GeoPark Holdings Ltd. said it raised £7.73 million, or approximately $11.7 million, in a private placement of shares.
The company sold 3,437,000 ordinary shares at 225p each.
Proceeds will be used for drilling new wells in the Fell Block in Chile.
Based in Hamilton, Bermuda, GeoPark is an oil and gas company.
| Issuer: | GeoPark Holdings Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £7,733,250, or about $11.7 million
|
| Shares: | 3,437,000
|
| Price: | 225p
|
| Warrants: | No
|
| Settlement date: | May 15
|
| Stock symbol: | London: GPK
|
| Stock price: | 254p at close May 15
|
| Market capitalization: | £89.3 million
|
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