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Seven Generations Announces Underwriters' Notice of Exercise of Over-Allotment Option

November 03, 2014



Seven Generations Energy Ltd. (TSX:VII) (the "Company" or "7G") is pleased to announce that it has received notice from RBC Cap ital Markets, Credit Suisse Securities (Canada), Inc. and Peters & Co. Limited (the "Co-Lead Underwriters") on behalf of the underwriters including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Jefferies LLC, Scotia Capital Inc., TD Securities Inc., AltaCorp Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Cormark Securities Inc., FirstEnergy Capital Corp., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and Leede Financial Markets Inc., (collectively, with the Co-Lead Underwriters, the "Underwriters"), of the exercise in full of the over-allotment option (the "Over-Allotment Option") granted to the Underwriters by the Company in connection with its previously announced initial public offering (the "Offering") of 45 million common shares at $18 per common share ("Offering Price") for aggregate gross proceeds to 7G of $810 million.

Pursuant to the Over-Allotment Option, the Company will sell an additional 6.75 million common shares at the Offering Price of $18 per common share for additional gross proceeds to the Company of $121.5 million. The closing of the Over-Allotment Option will occur concurrently with the closing of the Offering on or about November 5, 2014.

7G has filed a supplemented PREP prospectus dated October 29, 2014 (the "Prospectus") in respect of the Offering with the securities commissions of each of the provinces of Canada. The Offering is only made by the Prospectus. The Prospectus contains important detailed information about the securities being offered. Potential investors should read the Prospectus prior to making an investment decision. A copy of the Prospectus is available on the SEDAR website at

This press release is not for distribution, directly or indirectly, in or into the United States(including its territories and possessions, any State of the United States and the District of Columbia) or any other jurisdiction outside Canada. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities offered pursuant to the Prospectus have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or the securities laws of any state of the United Statesand may not be offered or sold within the United States other than pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.

About the Company

Seven Generations Energy Ltd. is an Alberta-based company engaged in the development of the Kakwa River Project (the "Project"). Located approximately 100 kilometres south of Grande Prairie, Alberta, the Project is a tight, liquids-rich gas and light oil project in the early stages of development. 7G has its corporate headquarters in Calgary, Alberta and its operations headquarters in Grande Prairie, Alberta.

This press release may contain "forward-looking information" or "forward-looking statements" with in the meaning of applicable securities laws (collectively, "forward-looking statements") regarding the Company. Any statements included in this press release that address activities, events or developments that the Company "expects," "believes," "plans," "projects," "estimates" or "anticipates" will or may occur in the future are forward-looking statements. Actual results may differ materially due to a variety of important factors. Among other items, such factors might include: planned and unplanned capital expenditures; changes in general economic conditions; uncertainties in reserve, resource and production estimates; unanticipated recovery or production problems; weather-related interference with business operations; the effects of delays in completion of, or shut-ins of, gas and liquids gathering systems, pipelines and processing facilities; potential costs associated with complying with new or modified regulations; oil and natural gas prices and competition; the impact of derivative positions; production expense estimates; cash flow and cash flow estimates; drilling and operating risks; the Company's ability to replace oil and gas reserves; and volatility in the financial and credit markets or in oil and natural gas prices. Except as required by law, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. Do not place undue reliance on forward-looking statements.

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Corporate Headquarters
Calgary, AB

Operations Headquarters
Grande Prairie, AB

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