May 16, 2013
CALGARY, ALBERTA – Whitecap Resources Inc. (“Whitecap”) is pleased to announce that it has closed its previously announced public offering of 10,393,000 common shares, including 1,114,000 common shares issued pursuant to the full exercise of the over-allotment option, with a syndicate of underwriters led by GMP Securities L.P. and National Bank Financial Inc. and including Dundee Securities Ltd., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., TD Securities Inc., Raymond James Ltd., Scotia Capital Inc., BMO Capital Markets, CIBC World Markets Inc. and Peters & Co. Limited for gross proceeds of approximately $100 million. The proceeds of the offering will be used to partially fund the acquisition previously announced on April 29, 2013, of assets in the Dodsland area of West Central Saskatchewan.
Whitecap has also closed its previously announced private placement offering of “flow-through” shares at a price of $10.67 per share for gross proceeds of approximately $20 million.
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