CHESAPEAKE GRANITE WASH TRUST (CHKR): announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

21 Nov 2011capital raising announcement▲ GoodMajor

Chesapeake Granite Wash Trust completed its IPO of 20 million common units (plus a 3 million-unit underwriter option), with Chesapeake Exploration and its affiliates conveying perpetual and 20-year term overriding royalty interests in Oklahoma Granite Wash oil and gas properties to the Trust.

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