Close
Search TSX NYSE
Close ERF
CAD
Last
Change
Change %
Volume
52 Wk High
52 Wk Low
More
Close ERF
USD
Last
Change
Change %
Volume
52 Wk High
52 Wk Low
More

Returns & Value Focused

At Enerplus, we're focused on creating long-term value for our shareholders through a disciplined, returns-based capital allocation strategy and a commitment to safe, responsible operations.

Learn More

News Releases


Enerplus closes equity offering

September 9, 2009
    TSX: ERF.UN
    NYSE: ERF

CALGARY, Sept. 9 /CNW/ - Enerplus Resources Fund ("Enerplus") is pleased to announce that it has closed the previously announced equity offering launched in conjunction with the Marcellus shale gas acquisition. At closing today, a total of 10,406,250 trust units were issued at a price of CDN$21.65 per unit for gross proceeds of approximately CDN$225 million. This includes 1,156,250 trust units issued pursuant to the exercise by the underwriters of the full amount of the over-allotment option. The syndicate of underwriters was led by CIBC and RBC Capital Markets.

The net proceeds from the equity offering have been used to effectively fund the purchase of an average 21.5% working interest in approximately 540,000 gross acres of land in the Marcellus shale gas area as well as fund future capital and general corporate expenditures.

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 Resources Fund

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 Trust Units and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted.

%CIK: 0001126874

Return to News Release Listing

Contact Us
Enerplus™ - We Add Energy™
Emergency Number Emergency Number 1-877-576-5636
Follow Us Twitter Emergency Number