Crescent Point Energy Announces Partial Exercise of Over-Allotment Option Related to Bought Deal Financing

Crescent Point Energy Announces Partial Exercise of Over- Allotment Option Related to Bought Deal Financing PR Newswire CALGARY, Alberta, November 29, 2012 CALGARY, Alberta, November 29, 2012 /PRNewswire/ -- /NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES/ Crescent Point Energy Corp. ("Crescent Point") (TSX: CPG) announces today that, under its bought deal financing that closed on November 21, 2012, the underwriters have exercised in part their over-allotment option to purchase an additional 1,250,000 Crescent Point shares at the offering price of $40.00 per share. Including this option exercise, the bought deal resulted in a total of 20,000,000 Crescent Point shares issued for total gross proceeds of $800 million. The net proceeds of the offering are expected to be used to fund a portion of the previously announced acquisition of Ute Energy Upstream Holdings LLC, as well as a number of consolidation acquisitions in the Company's core Beaverhill Lake and Shaunavon areas that closed in the third and fourth quarters of 2012. The syndicate of underwriters was co-led by BMO Capital Markets, RBC Capital Markets and CIBC and included Scotiabank, TD Securities Inc., FirstEnergy Capital Corp., National Bank Financial Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd. and Peters & Co. Limited.