CALGARY, Sept. 21, 2011 /CNW/ - Crescent Point Energy Corp. ("Crescent
Point" or the "Company") (TSX: CPG) has closed its recently announced
bought deal financing. A total of 8,625,000 Crescent Point shares have
been issued at a price of $43.50 per share for gross proceeds of
approximately $375 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. The underwriters have an
over-allotment option to purchase, on the same terms, up to an
additional 1,293,750 Crescent Point shares. This option is exercisable,
in whole or in part, by the underwriters at any time up to 30 days from
today's closing date. In the event the option is exercised in whole or
in part, the Company will announce the proceeds at that time.
The first dividend in which these shares will be entitled to participate
is expected to be for the month of September 2011, which is expected to
be paid on October 17, 2011.
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 |