Markets

Whitecap Resources Nearing 52-Week Highs; Closes Offering of Over 10 Mln Common Shares

Whitecap Resources Inc. (WCP.TO) has closed its previously announced public offering of 10,393,000 common shares, including 1,114,000 common shares issued pursuant to the full exercise of the over-allotment option, with a syndicate of underwriters, for gross proceeds of approximately $100 million.

The company has also closed its previously announced private placement offering of "flow-through" shares at a price of $10.67 per share for gross proceeds of approximately $20 million.

WCP edged up by about 1% to $10.42, moving closer to 52-week high $10.67.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities