Enerplus closes equity offering



    
    TSX: ERF.UN
    NYSE:   ERF
    

    CALGARY, Sept. 9 /CNW/ - Enerplus Resources Fund ("Enerplus") is pleased
to announce that it has closed the previously announced equity offering
launched in conjunction with the Marcellus shale gas acquisition. At closing
today, a total of 10,406,250 trust units were issued at a price of CDN$21.65
per unit for gross proceeds of approximately CDN$225 million. This includes
1,156,250 trust units issued pursuant to the exercise by the underwriters of
the full amount of the over-allotment option. The syndicate of underwriters
was led by CIBC and RBC Capital Markets.
    The net proceeds from the equity offering have been used to effectively
fund the purchase of an average 21.5% working interest in approximately
540,000 gross acres of land in the Marcellus shale gas area as well as fund
future capital and general corporate expenditures.
    Electronic copies of our financial statements, press releases, and other
public information are available on our website at www.enerplus.com.

    
    Gordon J. Kerr
    President & Chief Executive Officer
    Enerplus Resources Fund
    

    Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words such as
"expects", "projects", "plans" and similar expressions, are forward-looking
information that represents management of Enerplus' internal projections,
expectations or beliefs concerning, among other things, future operating
results and various components thereof or the economic performance of
Enerplus. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Enerplus' actual performance and financial
results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other things, those
described in Enerplus' filings with the Canadian and U.S. securities
authorities. Accordingly, holders of Enerplus Trust Units and potential
investors are cautioned that events or circumstances could cause results to
differ materially from those predicted.

    %CIK: 0001126874




For further information:

For further information: Investor Relations at 1-800-319-6462 or e-mail
investorrelations@enerplus.com


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