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Parkland Fuel Corporation Completes the Acquisition of North Dakota Based SPF Energy Inc.

Parkland Fuel Corporation Completes the Acquisition of North Dakota Based SPF 
Energy Inc. 
RED DEER, ALBERTA -- (Marketwired) -- 01/08/14 --   Parkland Fuel
Corporation ("Parkland" or the "Corporation") (TSX: PKI), a North
American petroleum products marketer, today announced that it has
successfully completed the previously announced acquisition of all
outstanding shares of SPF Energy Inc. ("SPF"), the parent company of
Farstad Oil Inc. ("Farstad") and Superpumper Inc. ("Superpumper").
For financial reporting purposes the effective date of the
acquisition was January 1, 2014. All financial figures have been
converted to Canadian dollars. 
The total consideration for all outstanding shares of SPF was $113
million. The purchase price consisted of approximately $91 million
cash and the issuance of 1.2 million common shares of Parkland. Share
consideration was calculated using the volume weighted average price
of $18.4761 for the five trading days immediately preceding the
closing. The final adjusted purchase price will be determined
post-closing, subject to customary adjustments. 
"We are pleased to welcome the SPF Energy Team to Parkland," said Bob
Espey, President and Chief Executive Officer of Parkland. "Our
strategy is to grow in areas with strong future prospects where we
can add value through our robust supply capability. SPF Energy
provides a strong platform for further growth in the Northwestern
United States.  
About Parkland Fuel Corporation 
Parkland Fuel Corporation is an independent marketer of petroleum
products in North America, empowered by a continent-wide logistics,
supply and trading platform. We provide motorists, businesses,
consumers and wholesale customers with a safe and dependable source
of gasoline, diesel, propane, lubricants, heating oil and other
products through a network of locations across North America that are
run by community based operators who care. 
To sign up for Parkland's investor information services, please go to
http://bit.ly/PKI-Info or visit www.parkland.ca. 
Forward-Looking Information 
Certain information included herein is forward-looking.
Forward-looking statements include, without limitation, statements
regarding the anticipated benefits, including, without limitation,
the opportunities, capabilities and synergies, that may result as a
consequence of the Acquisition, the accretive impact of the
Acquisition, the operations of SPF and Parkland following the
completion of the Acquisition, Parkland's expectation of its future
financial position, business and growth strategies, including the
manner in which such strategies will be implemented, budgets,
projected costs, sources of growth, capital expenditures, financial
results, future acquisitions and the efficiencies to be derived
therefrom and plans and objectives of or involving Parkland. Many of
these statements can be identified by looking for words such as
"believe", "expects", "expected", "will", "intends", "projects",
"projected", "anticipates", "estimates", "continues", or similar
words and include, but are not limited to, statements regarding the
accretive effects of acquisitions and the anticipated benefits of
acquisitions. Parkland believes the expectations reflected in such
forward-looking statements are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon.
Forward-looking statements are not guarantees of future performance
and involve a number of risks and uncertainties some of which are
described in Parkland's annual information form and other continuous
disclosure documents. Such forward-looking statements necessarily
involve known and unknown risks and uncertainties and other factors,
which may cause Parkland's actual performance and financial results
in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: failure to
achieve the anticipated benefits of the Acquisition, failure to meet
financial, operational and strategic objectives and plans, general
economic, market and business conditions; industry capacity;
competitive action by other companies; refining and marketing
margins; the ability of suppliers to meet commitments; actions by
governmental authorities including increases in taxes; changes in
environmental and other regulations; and other factors, many of which
are beyond the control of Parkland. Any forward-looking statements
are made as of the date hereof and Parkland does not undertake any
obligation, except as required under applicable law, to publicly
update or revise such statements to reflect new information,
subsequent or otherwise. 
Contacts:
Parkland Fuel Corporation - Investor and Media Inquiries
Glen Nelson
Manager Investor Relations
403-986-3353
http://bit.ly/PKIContact
www.parkland.ca
 
 
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