By Devika Patel
Knoxville, Tenn., May 9 - GeoPark Holdings Ltd. said it will conduct a £12.14 million private placement of shares.
The company will sell 3.08 million ordinary shares at 394p each.
Proceeds will be used to fund the acquisition and work program for the company's farm-in on the new Tranquilo block in Chile and accelerate the investment program on the company's Fell Block in Chile.
Based in Hamilton, Bermuda, GeoPark is an international oil and gas company.
| Issuer: | GeoPark Holdings Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £12,135,200
|
| Shares: | 3.08 million
|
| Price: | 394p
|
| Warrants: | No
|
| Pricing date: | May 9
|
| Settlement date: | May 14
|
| Stock symbol: | London: GPK
|
| Stock price: | 388.4p at close May 8
|
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