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Gastar Receives Partial Over-Allotment Option

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November 4, 2013

Gastar Exploration Ltd. (NYSE: GST) announced Nov. 1 that the underwriters of Gastar Exploration USA Inc.'s public offering of 2 million shares of its series B cumulative preferred stock sold at $25 per share have partially exercised their option to purchase additional shares to cover over allotments.

The underwriters will purchase an additional 140,000 shares of series B preferred stock, bringing total gross proceeds from the offering to $53.5 million, before deducting underwriting discounts and commissions and other offering expenses. The offering is expected to close on Nov. 5, subject ...

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