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Gastar Exploration Inc. Message Board

  • pocilujko pocilujko Sep 6, 2013 3:00 PM Flag

    Deposit on Deal($9,375,000)

    "Pursuant to the Purchase Agreement, on September 5, 2013, Gastar USA deposited into escrow an amount equal to 5% of the purchase price. Subject to the terms of the Purchase Agreement, the deposit will be applied toward the purchase price at the closing of the transaction. Under certain circumstances, the deposit may not be refundable in the event the acquisition does not close. Gastar USA currently anticipates the transaction will close on November 26, 2013. The Purchase Agreement may be terminated by either party if the closing has not occurred on or before December 31, 2013. "

 
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