By John Lee.
Shares in Gulf Keystone Petroleum (GKP) closed the day down 9.9 percent, following the announcement that the company has successfully raised $40.7 million through a conditional placing of shares at a price of 32 pence per share, a 21 percent discount to the previous market close.
The shares were placed through Mirabaud Securities and Pareto Securities.
The company has also announced thats Non-Executive Chairman Simon Murray is to retire from the Board; Andrew Simon, Senior Independent Director, will assume the role of Interim Non-Executive Chairman with immediate effect.
A search process for a new Non-Executive Chairman will now begin.
(Sources: GKP, Yahoo!)