Enerplus Closes Equity Financing
February 08 2012 - 8:00AM
PR Newswire (Canada)
CALGARY, Feb. 8, 2012 /CNW/ - Enerplus Corporation ("Enerplus") 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 Enerplus Corporation 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. Enerplus Corporation CONTACT:
Investor Relations at 1-800-319-6462 ore-mail
investorrelations@enerplus.com
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