Crescent Point Energy Completes $230 Million Offering of Shares

    
    /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO
    ANY UNITED STATES NEWS SERVICES/
    

CALGARY, Sept. 15 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) has closed its recently announced equity offering (the "Offering"). The underwriters exercised their over-allotment option in full and, accordingly, a total of 6,670,000 shares have been issued at a price of $34.50 per share for aggregate gross proceeds of $230.1 million. The syndicate of underwriters for the Offering was co-led by Scotia Capital Inc., BMO Capital Markets and CIBC, and included RBC Capital Markets, FirstEnergy Capital Corp., TD Securities Inc., National Bank Financial Inc., GMP Securities L.P., Peters & Co. Limited and Macquarie Capital Markets Canada Ltd.

The first dividend in which these shares will be entitled to participate will be for the month of September 2009, which will be paid on October 15, 2009.

This news release is not for dissemination in the United States or to any United States news services. The shares of Crescent Point have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to any U.S. person except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Crescent Point is a conventional oil and gas producer with assets strategically focused in properties comprised of high quality, long life, operated, light and medium oil and natural gas reserves in western Canada.

    
    Scott Saxberg,
    President and Chief Executive Officer
    

Shares of Crescent Point are traded on the Toronto Stock Exchange under the symbol CPG.

SOURCE Crescent Point Energy Corp.

For further information: For further information: ON CRESCENT POINT ENERGY CORP. PLEASE CONTACT: Greg Tisdale, Chief Financial Officer or Trent Stangl, Vice President Marketing and Investor Relations, Telephone: (403) 693-0020, Toll free (US & Canada): 888-693-0020, Fax: (403) 693-0070, website: www.crescentpointenergy.com

Organization Profile

Crescent Point Energy Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890