Mr. Grant Fagerheim reports

WHITECAP RESOURCES ANNOUNCES CLOSING OF SENIOR NOTES FINANCING

Whitecap Resources Inc. has closed the previously announced offering of $300-million aggregate principal amount of senior unsecured notes due June 19, 2028. The notes have been issued at par for gross proceeds of $300-million and will bear interest at a fixed rate of 3.761 per cent per annum. The net proceeds will be used to repay existing indebtedness and for general corporate purposes. The notes have been assigned a rating of BBB, with a stable trend, by DBRS Inc.

The notes will be direct, unsecured obligations of the company, and will rank equally with all other present and future unsecured and unsubordinated indebtedness of the company.

We seek Safe Harbor.