CALGARY, Feb. 8, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX:
ERF) (NYSE: ERF) is pleased to announce that it has closed the equity
offering previously announced on January 17, 2012. Upon closing of the
offering, a total of 14,708,500 common shares were issued at a price of
CDN$23.45 per share for gross proceeds of approximately CDN$345
million. This includes 1,918,500 common shares issued pursuant to the
exercise by the underwriters of the full amount of the over-allotment
option. The syndicate of underwriters was led by RBC Capital Markets
and BMO Capital Markets. The net proceeds from the equity offering will
be used to initially reduce bank indebtedness and subsequently to fund
a portion of Enerplus' 2012 capital spending program.
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
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 shares and potential investors are
cautioned that events or circumstances could cause results to differ
materially from those predicted.
SOURCE Enerplus Corporation
For further information:
Investor Relations at 1-800-319-6462 or e-mail email@example.com