MEG Energy Corp. has closed its recently announced bought deal financing (the "Public Offering") and concurrent private placement (the "Private Placement") of common shares. A total of 12,125,000 common shares have been issued pursuant to the Public Offering and 12,121,212 common shares have been issued pursuant to the Private Placement to Caisse de dépôt et placement du Québec, at a price of $33.00 per share, for aggregate gross proceeds of approximately $800 million. The associated over-allotment option granted to the underwriters in connection with the Public Offering can be exercised at any time until and including 30 days from today's closing.

The Public Offering was issued through a syndicate of underwriters co-led by BMO Capital Markets, Credit Suisse Securities (Canada), Inc., Barclays Capital Canada Inc. and RBC Capital Markets and included CIBC World Markets, HSBC Securities (Canada) Inc. and Morgan Stanley Canada Limited. BMO Capital Markets and Credit Suisse Securities (Canada) Inc. acted as joint agents to MEG on the Private Placement.

Tags: MEG Energy Corp.