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December 7, 2010

WHITECAP RESOURCES INC. ANNOUNCES CONVERSION OF DEBENTURES AND FILING OF PRELIMINARY PROSPECTUS

CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) announces that the holders of its outstanding convertible debentures have elected to convert the entire $10,000,000 principal amount of such debentures into approximately 3.5 million common shares. After giving effect to the conversion, the Company has approximately 34.9 million common shares outstanding.  This does not include any common shares to be issued as a result of our previously announced bought deal financing further described below.

Click here for the full press release. 

 

Profitable Per Share Growth Within Funds Flow

Whitecap Resources Inc. is an oil-weighted growth company that pays a monthly cash dividend to its shareholders.

We are focused on providing sustainable dividends and profitable per share growth enhanced by value added acquisitions.

Whitecap's common shares are traded on the Toronto Stock Exchange under the symbol WCP.

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