September 30, 2014
WHITECAP RESOURCES INC. ANNOUNCES SATISFACTION OF CONDITIONS TO THE COMPLETION OF THE TAKEOVER BID FOR THE COMMON SHARES OF FORGE PETROLEUM CORPORATION
CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that 43,155,087 common shares of Forge Petroleum Corporation ("Forge Shares"), representing over 99% of the issued and outstanding Forge Shares, have been validly tendered pursuant to Whitecap's offer to purchase (the "Offer") all of the issued and outstanding Forge Shares. Whitecap has directed the depositary, Olympia Trust Company (the "Depositary"), to take up and pay for all of the Forge Shares deposited under the Offer on October 1, 2014. Under the Offer, holders of Forge Shares are entitled to receive approximately $3.5812 per Forge Share in cash for each Forge Share tendered to the Offer and, on or about December 30, 2014, may receive up to an additional $0.0688 per Forge Share. This additional amount is subject to reduction in certain cases as more fully described in the takeover bid circular mailed to holders of Forge Shares in connection with the Offer.
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