Crescent Point Energy Announces a $550 Million Bought Deal Financing

Crescent Point Energy Announces a $550 Million Bought Deal Financing PR Newswire CALGARY, Alberta, August 9, 2012 CALGARY, Alberta, August 9, 2012 /PRNewswire/ -- NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES - All figures are in Canadian Dollars Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) is pleased to announce that it has entered into an agreement, on a bought deal basis, with a syndicate of underwriters co-led by BMO Capital Markets, CIBC and Scotiabank, and including RBC Capital Markets, TD Securities Inc., FirstEnergy Capital Corp., National Bank Financial Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd. and Peters & Co. Limited for an offering of 13,420,000 Crescent Point shares at $41.00 per share to raise gross proceeds of approximately $550 million. Crescent Point has also granted the underwriters an over-allotment option to purchase, on the same terms, up to an additional 2,013,000 Crescent Point shares. This option is exercisable, in whole or in part, by the underwriters at any time up to 30 days after closing. The maximum gross proceeds raised under this offering will be approximately $633 million, should this option be exercised in full. Closing is expected to occur on or about August 30, 2012, and is subject to customary regulatory approvals. The net proceeds of the financing will be used to reduce our indebtedness and for general corporate purposes.