whitecap resources inc. closes $136 million bought deal subscription receipt financing

WHITECAP RESOURCES INC. CLOSES $136 MILLION BOUGHT DEAL SUBSCRIPTION RECEIPT FINANCING

CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Whitecap, through a syndicate of underwriters co-led by GMP Securities L.P. and National Bank Financial Inc., and including FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., Casimir Capital Ltd., Cormark Securities Inc., Haywood Securities Inc. and Peters & Co. Limited (the "Underwriters") issued a total of 20,000,000 subscription receipts("Subscription Receipts") at a price of $6.80 per Subscription Receipt for gross proceeds of approximately $136 million. Whitecap has also granted the Underwriters an option (the "OverAllotment Option") to purchase an additional 2,000,000 Subscription Receipts which is exercisable at the same price until April 28, 2011.

 

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