Enerplus completes $230M offering

On May 31, 2016, Enerplus Corporation (Enerplus) closed its equity offering of 33,350,000 common shares issued at a price of $6.90 per share for gross proceeds of approximately $230 million, including 4,350,000 common shares issued pursuant to the exercise by the underwriters of the over-allotment option in full. The syndicate of underwriters (the Underwriters) was led by BMO Capital Markets, RBC Capital Markets and TD Securities Inc.

Enerplus was represented by Blake, Cassels & Graydon LLP with a team that included Chad Schneider, Olga Kary and Lindsey Hornland.

The Underwriters were represented by Burnet, Duckworth & Palmer LLP with a team that included Alyson Goldman, Jessica Brown and Shanlee von Vegesack.