EnerMark Issues US$300M of Senior Unsecured Notes

EnerMark Inc., a subsidiary of Enerplus Resources Fund, completed an offering of an aggregate of approximately US$300 million in senior unsecured term notes to US and Canadian institutional investors on June 18, 2009. The offering was made on a private placement basis through Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as joint lead placement agents, and Scotia Capital (USA) Inc. as co-agent.

Enerplus Resources Fund and EnerMark was represented by David McCoy, vice president, general counsel and corporate secretary of EnerMark, and by Blake, Cassels & Graydon LLP with a team that included Kevin Fougere, Chad Schneider, Ronald Mar, Edmund Gill, Nick Tropak and Andrew Kolody, and by Andrew Foley and Anne Yip of Paul, Weiss, Rifkind, Wharton & Garrison LLP in the United States.

Citigroup Global Markets and HSBC Securities (USA) and Scotia Capital (USA) and the US and Canadian institutional investors were represented by Chapman and Cutler LLP, as special US counsel, with a team that included Robert Nash, Edward Pelican and Amanda Leahy, and by William Jenkins, Stephanie Campbell and Derek Kurrant of Fraser Milner Casgrain LLP in Canada as special Canadian counsel.