Enerplus Completes Offering

Enerplus Resources Fund completed a public offering of 4.75 million trust units for gross proceeds of $127,537,500 to a syndicate of underwriters led by CIBC World Markets Inc. The deal closed on September 12, 2002.

Brock Gibson and Chad Schneider of Blake, Cassels & Graydon LLP in Calgary acted for Enerplus. Allan Twa, Q.C., Jay Reid and Jeff Oke of Burnet, Duckworth & Palmer LLP represented the underwriters.