OKLAHOMA CITY, Nov. 6, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today announced the commencement of an underwritten public offering of 6,500,000 shares of its common stock, subject to market and other conditions. The underwriters will have an option to purchase up to an additional 975,000 shares from Gulfport. Gulfport intends to use the net proceeds from this offering for general corporate purposes, which may include expenditures associated with the 2014 drilling program and additional acreage acquisitions in the Utica Shale.
Credit Suisse, Barclays, Goldman, Sachs & Co. and Wells Fargo Securities are acting as joint book-runners in the offering. Copies of the preliminary prospectus supplement for the offering may be obtained on the website of the Securities and Exchange Commission, www.sec.gov, or by contacting Credit Suisse Securities (USA) LLC, Prospectus Department, at One Madison Avenue, New York, New York 10010, or by telephone at (800) 221-1037; Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at email@example.com, or by calling toll-free: (888) 603-5847; Goldman, Sachs & Co. at 200 West Street, New York, New York 10282-2198, Attention: Prospectus Department, by telephone at (866) 471-2526, by facsimile at: (212) 902-9316, or by email at: firstname.lastname@example.org; or Wells Fargo Securities, LLC Attn: Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, by telephone at: (800) 326-5897, by email at: email@example.com.
The common stock will be issued and sold pursuant to an effective automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. This offering may only be made by means of a prospectus supplement and related base prospectus.