Crescent Point Energy Completes $375 Million Bought Deal Financing
CALGARY, September 21, 2011 /PRNewswire/ –
Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:
CPG) has closed its recently announced bought deal financing. A total of
8,625,000 Crescent Point shares have been issued at a price of $43.50 per
share for gross proceeds of approximately $375 million. The syndicate of
underwriters was co-led by BMO Capital Markets and CIBC, and included Scotia
Capital Inc., RBC Capital Markets, FirstEnergy Capital Corp., TD Securities
Inc., National Bank Financial Inc., GMP Securities L.P., Macquarie Capital
Markets Canada Ltd. and Peters & Co. Limited. The underwriters have an
over-allotment option to purchase, on the same terms, up to an additional
1,293,750 Crescent Point shares. This option is exercisable, in whole or in
part, by the underwriters at any time up to 30 days from today’s closing
date. In the event the option is exercised in whole or in part, the Company
will announce the proceeds at that time.
The first dividend in which these shares will be entitled to participate
is expected to be for the month of September 2011, which is expected to be
paid on October 17, 2011.
This news release is not for dissemination in the United States or to
any United States news services. The shares of Crescent Point have not and
will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”) or any state securities laws and may not
be offered or sold in the United States or to any U.S. person except in
certain transactions exempt from the registration requirements of the U.S.
Securities Act and applicable state securities laws.
Crescent Point is a conventional oil and gas producer with assets
strategically focused in properties comprised of high-quality, long-life,
operated light and medium oil and natural gas reserves in United States and
President and Chief Executive Officer
Crescent Point shares are traded on the Toronto Stock Exchange under the
Crescent Point Energy Corp. Suite 2800, 111-5th Avenue S.W. Calgary, AB., T2P 3Y6
For further information:
ON CRESCENT POINT ENERGY CORP. PLEASE CONTACT:
Greg Tisdale, Chief Financial Officer, or Trent Stangl, Vice President Marketing and Investor Relations. Telephone: +1(403)-693-0020 Toll free (US & Canada): 888-693-0020 Fax: +1(403)-693-0070 Website: http://www.crescentpointenergy.com
SOURCE Crescent Point Energy Corp.