RMP Energy Announces Closing of Flow-Through Equity Financing

CALGARY, ALBERTA--(Marketwire - Aug. 21, 2012) -

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RMP Energy Inc. ("RMP" or the "Company") (TSX:RMP) is pleased to announce today that the Company closed its previously announced bought-deal flow-through equity financing led by GMP Securities L.P., and including Cormark Securities Inc., National Bank Financial Inc., Peters & Co. Limited, FirstEnergy Capital Corp., and Scotia Capital Inc. (the "Financing"). Pursuant to the terms of the Financing, RMP issued, on an underwritten basis, 4,445,000 flow-through common shares of the Company at a price of $2.25 per share for total gross proceeds of approximately $10.0 million.

The proceeds of Financing will be used to fund oil-directed exploration drilling and completion activities in the Montney formation on some of its recently acquired acreage located to the south east of the Company's Waskahigan lands and at South Ante Creek. As a result of the Financing, the Company now anticipates incurring approximately $80.0 million of exploration and development expenditures in 2012, net of property dispositions incurred.

As a result of the Financing, the Company has approximately 102.64 million common shares outstanding.

The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

Reader Advisories

The information in this news release contains certain forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. More particularly, and without limitation, this news release contains forward looking statements and information relating to: the anticipated use and deployment of the Financing's gross proceeds and the revised level of exploration and development expenditures (net property dispositions) in 2012. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control, including: the impact of general economic conditions; industry conditions; changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are, interpreted and enforced; fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions, of reserves, undeveloped lands and skilled personnel; assessments of the value of acquisitions; changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problems and other difficulties in producing petroleum reserves; and obtaining in a timely manner required approvals of regulatory authorities. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that the Company will derive from them. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements.