Wednesday, September 24, 2014

Crescent Point Energy Corp. - CPG.t

Crescent Point Energy Corp. - CPG.t is a conventional oil and gas producer with high-quality light and medium oil and natural gas assets across western Canada and the United States.





On September 23, 2014 the company released News

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX and NYSE: CPG) has closed its recently announced bought deal financing for an offering of 17,290,000 Crescent Point common shares at $43.40 per share to raise gross proceeds of approximately $750 million. The underwriters have also exercised in part their over-allotment option to purchase an additional 1,145,000 Crescent Point common shares at the offering price. As a result, a total of 18,435,000 Crescent Point common shares have been issued at a price of $43.40 per share for aggregate gross proceeds of approximately $800 million.

The syndicate of underwriters was co-led by BMO Capital Markets and Scotiabank, and included CIBC, RBC Capital Markets, TD Securities Inc., FirstEnergy Capital Corp., National Bank Financial Inc., GMP Securities L.P., Goldman Sachs Canada Inc., Macquarie Capital Markets Canada Ltd., Merrill Lynch Canada Inc., Peters & Co. Limited, Desjardins Securities Inc. and Raymond James Ltd.

The common shares issued under the offering will be eligible to receive the dividend for the month of September 2014, which is expected to be paid on October 15, 2014.
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http://pennystockjournal.blogspot.com/2014/09/crescent-point-energy-corp-cpgt.html


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