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RMP Issues Shares to Fund Montney Development

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RMP Issues Shares to Fund Montney Development

RMP Energy Inc. has entered into an equity financing agreement on a "bought deal" basis.

Pursuant to the terms of the Equity Financing, RMP will issue, on an underwritten basis, approximately 8.2 million common shares at a price of $6.10 per share for total gross proceeds of approximately $50.0 million. The Equity Financing will be underwritten by a syndicate of underwriters led by GMP Securities L.P., including, Peters & Co. Limited, Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Cormark Securities Inc., FirstEnergy Capital Corp., Scotia Capital Inc. and CIBC World Markets Inc. The Equity Financing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange. The common…

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