EXCO Resources intends to conduct rights offering

EXCO Resources Inc.

EXCO Resources Inc. (NYSE:XCO) intends to conduct a rights offering that will allow the company to raise equity capital through the sale of its common shares. Certain terms of the rights and the record date to determine those shareholders entitled to receive the rights will be announced at a later date.

In connection with this offering, the company anticipates that it will distribute, at no charge, to its common shareholders, one subscription right for every four shares of common stock held of record as of the record date (currently approximately 54.6 million rights). Each subscription right will entitle the holder thereof to purchase one common share at a cash subscription price of $5.00 per share. If all of the rights are exercised, the company would raise approximately $272.9 million. EXCO Resources currently plans to distribute transferable rights that will be listed on the New York Stock Exchange.

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