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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.

 

To read the full press release, click here to download PDF.

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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