Gulf Keystone Raises Money to Finance Kurdish Well Program

摘要

UK-listed Gulf Keystone raised $165 mil- lion through a share placement Tuesday, al- laying investor concerns about how it in- tended to fund future drilling commitments. The company completed a “fully sub- scribed” placing of 152.3 million new com- mon shares at a price of 75 pence ($1.08) per share, an 11% discount to Monday’s closing price.