Veresen Announces Closing of $150 Million Preferred Share Offering

Veresen Announces Closing of $150 Million Preferred Share Offering 
CALGARY, Oct. 21, 2013 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) is pleased 
to announce that it has closed its previously announced bought deal offering 
of 6,000,000 Cumulative Redeemable Preferred Shares, Series C (the "Series 
Preferred Shares") at a price of $25.00 per share representing aggregate gross 
proceeds of $150,000,000 (the "Offering"). 
The Offering was first announced by Veresen on October 9, 2013 when Veresen 
entered into an agreement with a syndicate of underwriters co-lead by 
Scotiabank, TD Securities Inc. and CIBC. 
Proceeds from the Offering will be used to reduce indebtedness and for general 
corporate purposes. 
The Series C Preferred Shares have been rated Pfd-3 (High) by DBRS Limited and 
P-3 (High) by Standard & Poor's, a division of The McGraw Hill Companies, Inc. 
The Series C Preferred Shares will begin trading on the Toronto Stock Exchange 
today under the symbol "VSN.PR.C". 
The Series C Preferred Shares have not been 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 the 
registration requirements. This news release shall not constitute an offer to 
sell or the solicitation of an offer to buy, nor shall there be any offer, 
solicitation or sale of the securities in any state in which such offer, 
solicitation or sale would be unlawful. 
About Veresen Inc. 
Veresen is a publicly-traded dividend paying corporation based in Calgary, 
Alberta, that owns and operates energy infrastructure assets across North 
America. Veresen is engaged in three principal businesses: a pipeline 
transportation business comprised of interests in two pipeline systems, the 
Alliance Pipeline and the Alberta Ethane Gathering System; a midstream 
business which includes ownership interests in a world-class natural gas 
liquids extraction facility near Chicago, the Hythe/Steeprock complex and 
other natural gas and NGL processing energy infrastructure; and a power 
business with renewable and gas-fired facilities and development projects in 
Canada and the United States, and district energy systems in Ontario and 
Prince Edward Island. Veresen is actively developing a number of greenfield 
projects and, in the normal course of its business, regularly evaluates and 
pursues acquisition and development opportunities. 
Veresen's common shares, Series A Preferred Shares and 5.75% convertible 
unsecured subordinated debentures, Series C due July 31, 2017 are listed on 
the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A" and VSN.DB.C", 
respectively. For further information, please visit 
(Forward Looking Information) 
Certain information contained herein relating to, but not limited to, Veresen 
and its businesses and the offering of the Series C Preferred Shares, 
constitutes forward-looking information under applicable securities laws. All 
statements, other than statements of historical fact, which address 
activities, events or developments that Veresen expects or anticipates may or 
will occur in the future, are forward-looking information. Forward-looking 
information typically contains statements with words such as "may", 
"estimate", "anticipate", "believe", "expect", "plan", "intend", "target", 
"project", "forecast" or similar words suggesting future outcomes or outlook. 
Forward-looking statements in this news release include, but are not limited 
to, statements with respect to the use of the proceeds of the Offering and 
dividend rates. Additional information on risks, uncertainties and factors 
that could affect Veresen's operations or financial results is included in its 
filings with the securities commissions or similar authorities in each of the 
provinces of Canada, as may be updated from time to time. Readers are also 
cautioned that such additional information is not exhaustive. The impact of 
any one risk, uncertainty or factor on a particular forward-looking statement 
is not determinable with certainty as these factors are independent and 
management's future course of action would depend on its assessment of all 
information at that time. Although Veresen believes that the expectations 
conveyed by the forward-( )looking information are reasonable based on 
information available on the date of preparation, no assurances can be given 
as to future results, levels of activity and achievements. Undue reliance 
should not be placed on the information contained herein, as actual results 
achieved will vary from the information provided herein and the variations may 
be material. Veresen makes no representation that actual results achieved will 
be the same in whole or in part as those set out in the forward-looking 
information. Furthermore, the forward-looking statements contained herein are 
made as of the date hereof, and Veresen does not undertake any obligation to 
update publicly or to revise any forward-looking information, whether as a 
result of new information, future events or otherwise, except as required by 
applicable laws. Any forward-looking information contained herein is expressly 
qualified by this cautionary statement.

SOURCE  Veresen Inc. 
 Dorreen Miller Director, Investor Relations Phone: (403) 213-3633 
To view this news release in HTML formatting, please use the following URL: 
CO: Veresen Inc.
ST: Alberta
-0- Oct/21/2013 12:23 GMT
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