Progress Energy Resources Corp. - 2009-02-20

Closed its offering of 12.95 million shares at C$10.85 each to pay debt. Peters & Co. Ltd. and BMO Capital Markets are lead underwriters and Scotia Capital Inc., CIBC World Markets Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Canaccord Capital Corp., Cormark Securities Inc., RBC Capital Markets and Tristone Capital Inc. are underwriters. Progress Energy Raises C$140.5MM To Pay Debt