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Seven Generations Completes $931.5 Million Initial Public Offering

November 05, 2014

CALGARY, ALBERTA--(BUSINESS WIRE)--

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

Seven Generations Energy Ltd. (TSX:VII) (the "Company" or "7G") is pleased to announce that it has completed its previously announced initial public offering (the "Offering") of 51.75 million common shares (including 6.75 million common shares issued pursuant to the previously announced exercise in full of the over-allotment option) at $18 per common share for aggregate gross proceeds to 7G of $931.5 million.

The underwriting syndicate was co-led by RBC Capital Markets, Credit Suisse Securities (Canada), Inc. and Peters & Co. Limited and included 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.

The Company's common shares are listed on the Toronto Stock Exchange under the symbol "VII".

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 Offering 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 States and 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.

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Emergency Number

403-444-1471

7G

Contact Us

info@7genergy.com

Corporate Headquarters
Calgary, AB

Operations Headquarters
Grande Prairie, AB

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