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Press release from CNW Group

CEQUENCE ENERGY LTD. ANNOUNCES ISSUANCE OF COMMON SHARES ON EXERCISE OF OVER-ALLOTMENT OPTION

Friday, September 17, 2010

CEQUENCE ENERGY LTD. ANNOUNCES ISSUANCE OF COMMON SHARES ON EXERCISE OF OVER-ALLOTMENT OPTION08:58 EDT Friday, September 17, 2010/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/CALGARY, Sept. 17 /CNW/ - Cequence Energy Ltd. ("Cequence") (TSX: CQE) is pleased to announce that it has completed the issuance and sale of an aggregate of 2,500,050 common shares at a price of $2.10 per share to a syndicate of underwriters led by FirstEnergy Capital Corp. and Peters & Co. Limited and including Cormark Securities Inc., Mackie Research Capital Corporation, Macquarie Capital Markets Canada Ltd. and National Bank Financial Inc. (collectively, the "Underwriters") for gross proceeds of approximately $5.25 million. The common shares were issued on the exercise of an over-allotment option which was granted under the terms of an underwriting agreement between Cequence and the Underwriters dated July 28, 2010. The net proceeds from the issue and sale of the common shares will be initially applied to reduce Cequence's indebtedness under its credit facilities.Further InformationCequence is a publicly traded Canadian energy company involved in the acquisition, exploitation, exploration, development and production of natural gas and crude oil in western Canada. Further information about Cequence may be found in its continuous disclosure documents filed with Canadian securities regulators at www.sedar.com.The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The common shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.%SEDAR: 00023788EFor further information: Paul Wanklyn, President and Chief Executive Officer, (403) 218-8850, pwanklyn@cequence-energy.com; Howard Crone, Executive Vice President and Chief Operating Officer, (403) 806-4040, hcrone@cequence-energy.com; or David Gillis, Vice President, Finance and Chief Financial Officer, (403) 806-4041, dgillis@cequence-energy.com