SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report of Foreign Issuer
pursuant to Rule 13-a-16 or 15d-16
of the Securities Exchange
Act of 1934
FOR THE MONTH
OF AUGUST 2022
FORM 6-K
COMMISSION FILE NUMBER
1-15150
The Dome Tower
Suite
3000, 333 – 7th Avenue S.W.
Calgary, Alberta
Canada T2P 2Z1
(403) 298-2200
US
Bank Tower
Suite 2200, 950 – 17th Street
Denver, Colorado
United States of
America 80202-2805
(720) 279-5500
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)
Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)
Indicate by check mark
whether, by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the securities Exchange Act of 1934.
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
ENERPLUS CORPORATION
BY: |
/s/ |
David A. McCoy |
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David A. McCoy |
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Vice President, General Counsel & Corporate Secretary |
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DATE: August 11, 2022
Exhibit 99.1
Enerplus Announces Renewal of Normal Course Issuer
Bid
CALGARY, AB, Aug. 11, 2022 /CNW/ - Enerplus
Corporation ("Enerplus" or the "Company") (TSX: ERF) (NYSE: ERF) today announced acceptance by the Toronto Stock Exchange
(the "TSX") of its notice to commence a normal course issuer bid (the "Bid").
Pursuant to the Bid, Enerplus proposes to purchase
through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems, from time to time over the next 12
months, if considered advisable, up to 23,140,231 common shares, being 10% of the public float of Enerplus (within the meaning under the
TSX rules) as of August 4, 2022.
Enerplus believes that, from time to time, the market
price of its common shares trade in a price range that does not adequately reflect their underlying value. Accordingly, Enerplus has concluded
that the repurchase of common shares for cancellation may represent an attractive investment that will increase the proportionate interest
in the Company of, and be advantageous to, all of the Company's remaining shareholders.
The Bid will be effected in accordance with the TSX's
normal course issuer bid rules and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, which contain restrictions
on the number of common shares that may be purchased on a single day, subject to certain exceptions for block purchases, based on the
average daily trading volumes of Enerplus' common shares on the applicable exchange. Subject to exceptions for block purchases, Enerplus
will limit daily purchases of common shares on the TSX in connection with the Bid to no more than 25% (424,314 common shares) of the average
daily trading volume of the common shares on the TSX (1,697,260 common shares) during any trading day. Common shares purchased under
the Bid will be cancelled.
Enerplus is authorized to make purchases during the
period of August 16, 2022 to August 15, 2023 or until such earlier time as the Bid is completed or terminated at the option of Enerplus.
Purchases under the Bid will be made through open market purchases at market price, as well as by other means as may be permitted by applicable
securities regulatory authorities, including private agreements. Any purchases made by private agreement under an issuer bid exemption
order issued by a securities regulatory authority will be at a discount to the prevailing market price as provided in any exemption order.
Enerplus has entered into an automatic purchase plan
prior to commencement of any purchases under the Bid with a broker which will enable Enerplus to provide standard instructions and purchase
common shares on the open market during self-imposed blackout periods. Outside of these black-out periods, common shares may be purchased
in accordance with management's discretion.
Under its prior NCIB Enerplus repurchased an aggregate
of 25,565,811 common shares at a weighted-average price of US$11.14 per share, excluding brokerage fees, which represents all of the common
shares Enerplus sought and obtained approval to purchase under this prior NCIB. Purchases were made on the open market.
About Enerplus
Enerplus is an independent North American exploration
and production company focused on creating long-term value for its shareholders through a disciplined capital allocation strategy and
a commitment to safe, responsible operations.
Forward-Looking Statements
Certain statements and other information included
in this press release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation
or constitute "forward-looking statements" within the meaning of applicable U.S. securities legislation (collectively, the "forward-looking
statements"). All statements in this press release, other than those relating to historical information or current conditions,
are forward-looking statements, including, but not limited to, Enerplus' intention to commence a Bid and the timing, methods and quantity
of any purchases of common shares under the Bid.
These forward-looking statements are subject to
a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from
such forward-looking statements. All of the forward-looking statements are qualified by the assumptions that are stated or inherent in
such forward-looking statements, including the availability of cash for repurchases of common shares under the Bid, the existence of alternative
uses for Enerplus' cash resources and compliance with applicable laws and regulations pertaining to a Bid. Although Enerplus believes
that these assumptions are reasonable, this list is not exhaustive of the factors that may affect any of the forward-looking statements
and the reader should not place an undue reliance on these assumptions and such forward-looking statements.
Events or circumstances that could cause actual
results to differ materially from those in the forward-looking statements, include, but are not limited to: general economic, market and
business conditions, and other risk factors detailed from time to time in Enerplus reports filed with the Canadian securities regulators
and the Securities and Exchange Commission in the United States.
Enerplus disclaims any intention or obligation
to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may
be required under applicable U.S. federal securities laws or applicable Canadian securities legislation.
SOURCE Enerplus Corporation
View original content: http://www.newswire.ca/en/releases/archive/August2022/11/c4377.html
%CIK: 0001126874
For further information: Investor Contacts, Drew Mair, 403-298-1707,
Krista Norlin, 403-298-4304, Investorrelations@enerplus.com
CO: Enerplus Corporation
CNW 17:00e 11-AUG-22
This regulatory filing also includes additional resources:
ex991.pdf
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