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Seven Generations Energy Ltd. (7G) (TSX: VII) has priced US$425 million aggregate principal amount of senior notes due 2023 at 6.75%, offered in a private placement to eligible purchasers. Due to strong market demand and attractive market conditions, 7G increased the size of the offering by US$25 million to US$425 million. The Company expects to close the offering on or about April 30, 2015, subject to the satisfaction of customary closing conditions.
About Seven Generations Energy
7G is an Alberta-based company engaged in the development of the Kakwa River Project. Located approximately 100 kilometers south of Grande Prairie, Alberta, the project is an early stage, tight, liquids-rich natural gas and light oil development. 7G has its corporate headquarters in Calgary, Alberta and its operations headqua rters in Grande Prairie, Alberta.
This press release is for informational purposes only. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities. The Notes have not and will not be registered under the United States Securities Act of 1933, as amended (the US Securities Act). The Notes may not be offered or sold, except to qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the US Securities Act, or to persons outside the United States in compliance with Regulation S under the US Securities Act and applicable Canadian exemptions from prospectus requirements. Any public offering of securities made in the United States would be made by means of a prospectus that would be obtainable from the Company and that would contain detailed information about the Company, its management and financial statements.
Forward Looking Statements
This press release may contain "forward-looking information" or "forward-looking statements" within 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. Specific forward-looking statements contained in this press release include the expected timing of closing of the offering. Actual results may differ materially due to a variety of important factors. Among other items, such factors might include: unplanned capital expenditures; changes in general economic conditions; uncertainties in reserve, resource and production estimates; unanticipated recovery or production problems; we ather-related interference with business operations; the effects of delays in completion of, or shut-in of, gas and liquids gathering systems, pipelines and processing facilities; potential costs associated with complying with new or modified regulations; the impact of hedging or derivative positions; production expense estimates; cash flow and cash flow estimates; drilling and operational risks; 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 information if circumstances or management's estimates or opinions should change. Do not place undue reliance on forward-looking information.
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