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 March 2019
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
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: March 21, 2019
Exhibit 99.1
Enerplus Announces Renewal of Normal Course
Issuer Bid
CALGARY, March 21, 2019 /CNW/ - Enerplus
Corporation ("Enerplus" or the "Company") (TSX and NYSE: ERF) announces acceptance by the Toronto Stock Exchange
(the "TSX") of its notice to renew its 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 Canadian trading systems, from time to time over
the next 12 months, if considered advisable, up to 16,673,015 common shares, being 7% of public float of Enerplus (within the meaning
under the TSX rules) as of March 19, 2019.
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% (270,933
common shares) of the average daily trading volume of the common shares on the TSX (1,083,735 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 March 26, 2019 to March 25, 2020 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 intends to enter 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 and up to March 19, 2019,
Enerplus repurchased an aggregate of 7,311,297 common shares at a weighted-average price of $12.96 per share, excluding brokerage
fees. 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.
Ian C. Dundas
President & Chief Executive Officer
Enerplus Corporation
SOURCE Enerplus Corporation
View original content: http://www.newswire.ca/en/releases/archive/March2019/21/c2452.html
%CIK: 0001126874
For further information: please contact Investor Relations
at 1-800-319-6462 or investorrelations@enerplus.com
CO: Enerplus Corporation
CNW 16:15e 21-MAR-19
This regulatory filing also includes additional resources:
ex991.pdf
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