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Whitecap Resources Inc. Closes $425 Million Financing
Whitecap Resources Inc. Closes $425 Million Financing Canada NewsWire CALGARY, D...
About this update from Whitecap Resources Inc.
[{"type":"text","content":"\n\n\n\nWhitecap Resources Inc. Closes $425 Million Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Dec 4, 2017\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./\n\nThis News Release shall not constitute an offer of the Common Shares or Subscription Receipts in the United States. The Common Shares and the Subscription Receipts may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from such registration. Whitecap has not registered and will not register the common shares under the U.S. Securities Act of 1933, as amended. Whitecap does not intend to engage in a public offering of common shares in the United States.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.\n\n\n\nCALGARY, Dec 4, 2017 /CNW/ - Whitecap Resources Inc. (\"Whitecap\" or the \"Company\") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing of subscription receipts (the \"Prospectus Offering\") and concurrent non-brokered private placement of subscription receipts (the \"Private Placement\").\n\nThrough the Prospectus Offering, Whitecap issued 37,785,000 subscription receipts of the Company (\"Public Receipts\") at a price of $8.80 per Public Receipt for gross proceeds of approximately $332.5 million. The syndicate of underwriters is led by National Bank Financial Inc. and TD Securities Inc. and includes Scotia Capital Inc., GMP Securities L.P., Peters & Co. Limited, RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Cormark Securities Inc., AltaCorp Capital Inc., Macquarie Capital Markets Canada Ltd., and Canaccord Genuity Corp. (collectively, the \"Underwriters\").\n\nThrough the Private Placement, Whitec...