Has anyone noticed this? Maybe Gastar want to hang around a little while longer.
"HOUSTON, May 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Gastar Exploration Ltd. (the "Company") (NYSE Amex: GST and TSX: YGA) today announced that it has priced its underwritten public offering of 36,500,000 common shares to purchasers in the United States at a public offering price of $0.40 per share."
"The aggregate net proceeds to the Company from the offering will be approximately $13,800,000, after deducting underwriting discounts and commissions and estimated offering expenses, and exclusive of any proceeds attributable to the underwriter's possible exercise of the over-allotment option. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including for its announced 2009 capital expenditures. "
ESG Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held