/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE
CALGARY, Sept. 30, 2011 /CNW/ - Crescent Point Energy Corp. ("Crescent
Point" or the "Company") (TSX: CPG) announces that it has closed the
sale of an additional 400,000 Crescent Point shares at a price of
$43.50 per share, for gross proceeds of $17.4 million. The additional
shares were exercised by the underwriters pursuant to the
over-allotment option in connection with the Company's previously
announced bought deal financing, which closed on September 21, 2011.
Including the additional shares, the aggregate gross proceeds to the
Company pursuant to the bought deal totals approximately $392.6
million. The syndicate of underwriters was co-led by BMO Capital
Markets and CIBC, and included Scotia Capital Inc., RBC Capital
Markets, FirstEnergy Capital Corp., TD Securities Inc., National Bank
Financial Inc., GMP Securities L.P., Macquarie Capital Markets Canada
Ltd. and Peters & Co. Limited.
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
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
United States and Canada.
President and Chief Executive Officer
Crescent Point shares are traded on the Toronto Stock Exchange under the
Crescent Point Energy Corp.
Suite 2800, 111-5th Avenue S.W.
Calgary, AB., T2P 3Y6
SOURCE Crescent Point Energy Corp.
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 |