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Gulfport puts stock on shelf
Houston independent Gulfport Energy said today it may periodically sell up to $100 million in debt securities and common stock.
The company plans to use the proceeds for general corporate purposes, debt repayment, acquisitions, capital spending and working capital, according to a shelf offering filed with the US Securities & Exchange Commission, Reuters reported.
Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.