Feb 23 (Reuters) - Whitecap Resources Inc WCP.TO :
* Announces results of the consolidation of strategic long life, low decline
light oil assets at boundary lake, increased 2016 guidance and $95 million
financing
* Says Whitecap has increased its production guidance for 2016, by 5% to 38,800
boe/d from the previous 37,000 boe/d
* Will issue 13.8 million common shares at a price of $6.90 per common share
for gross proceeds of $95.0 million
* Net proceeds from financing will be used to initially reduce indebtedness,
which was partially incurred to fund boundary lake deal
* Source text for Eikon Further company coverage WCP.TO