WHITECAP RESOURCES INC. ANNOUNCES CLOSING OF LIGHT OIL CARDIUM FOCUSED ACQUISITION
CALGARY, ALBERTA – JULY 30, 2010. Whitecap Resources Inc. ("Whitecap") (TSXV: WCP) is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of Onyx 2006 Inc. ("Onyx") an Alberta based private oil and gas company. Whitecap assumed approximately $10.8 million of total net liabilities and paid $41.2 million in cash to the former shareholders of Onyx pursuant to the Acquisition.
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