MEG Energy Announces Completion of Warburg Pincus $157 Million Secondary
/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED
CALGARY, Dec. 13, 2013 /CNW/ - MEG Energy Corp. (TSX:MEG) (the "Company")
today announced the completion of the previously announced secondary offering
of common shares held by one of its principal shareholders, WP Lexington
Private Equity B.V. ("WP Lex"), an affiliate of Warburg Pincus LLC, pursuant
to which WP Lex sold 5,000,000 common shares of the Company (the "Common
Shares") at a price of $31.40 per Common Share. The Company did not receive
any proceeds from the offering.
The offering was conducted on an underwritten, bought deal public issue by BMO
Capital Markets in all provinces and territories of Canada by way of a short
form prospectus. The offering was also extended to Qualified Institutional
Buyers in the United States, pursuant to the registration exemptions provided
by Rule 144A of the U.S. Securities Act of 1933.
Notice to Readers
This press release does not constitute an offer to sell or a solicitation of
an offer to buy any securities of the Company in any jurisdiction in which
such offer, solicitation or sale would be unlawful.The securities being
offered 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 the registration
requirements of the U.S. Securities Act of 1933 and other applicable
About the Company
MEG Energy Corp. is focused on sustainable in situ oil sands development and
production in the southern Athabasca oil sands region of Alberta, Canada. MEG
is actively developing enhanced oil recovery projects that utilize SAGD
extraction methods. The Company's common shares are listed on the Toronto
Stock Exchange under the symbol "MEG".
SOURCE MEG Energy Corp.
Please direct all investor and media inquiries to:
MEG Energy Corp. John Rogers, Vice President, Investor Relations and External
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CO: MEG Energy Corp.
NI: OIL NEWSTK
-0- Dec/13/2013 14:37 GMT
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