Whitecap Resources Inc. - 2016-05-30
Description
Closed a bought deal financing in which it issued about 51 million subscription receipts priced at CA$9.20 each. Receipts will trade on the Toronto Stock Exchange under the ticker “WCP.R”. Gross proceeds were placed in escrow pending the closing of the acquisition of certain petroleum and natural gas properties, interests and related assets located in southwest Saskatchewan. The syndicate of underwriters, led by National Bank Financial Inc. and TD Securities Inc., includes Scotia Capital Inc., GMP Securities LP, RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Capital Markets Inc., FirstEnergy Capital Corp., Peters & Co. Ltd., Cormark Securities Inc., AltaCorp Capital Inc. and Macquarie Capital Markets Canada Ltd.