Keyera Corp. Announces Closing of $318 million Public Offering of Common Shares and Over-Allotment Option

 Keyera Corp. Announces Closing of $318 million Public Offering of Common  Shares and Over-Allotment Option  /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/  CALGARY, May 29, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced  today the successful completion of the public offering of 3,750,000 common  shares ("Common Shares"), as well as the sale of an additional 562,500 Common  Shares pursuant to the over-allotment option exercised by the underwriters in  connection with the public offering.  This brings the total number of Common  Shares sold by Keyera in the public offering to 4,312,500. The Common Shares  were priced at $73.75 per Common Share for gross total proceeds of  approximately $318 million.  The issue was made through a syndicate of underwriters co-led by RBC Capital  Markets and National Bank Financial Inc. and included TD Securities Inc.,  CIBC, BMO Capital Markets, Scotiabank, Peters & Co. Limited, FirstEnergy  Capital Corporation, GMP Securities L.P. and Macquarie Capital Markets Canada.  Net proceeds of the offering will be used to partially fund Keyera's capital  growth program, to reduce its short term indebtedness under its credit  facilities and for general corporate purposes.  About Keyera  Keyera Corp. (TSX:KEY) operates one of the largest natural gas midstream  businesses in Canada.  Its business consists of natural gas gathering and  processing as well as the processing, transportation, storage and marketing of  natural gas liquids (NGLs), the production of iso-octane and crude oil  midstream activities.  Keyera's gas processing plants and associated facilities are strategically  located in the west central, foothills and deep basin natural gas production  areas of the Western Canada Sedimentary Basin.  Its NGL and crude oil  infrastructure, including pipelines, terminals and processing and storage  facilities, as well as its iso-octane facility, are located in Edmonton and  Fort Saskatchewan, Alberta, a major North American NGL hub.  Keyera markets  propane, butane, condensate and iso-octane to customers in Canada and the  United States.  Disclaimer This document contains forward-looking statements based on Keyera management's  current expectations and assumptions relating to Keyera's business, the  environment in which it operates and the future operations and performance of  Keyera's assets. As these forward-looking statements depend upon future  events, actual outcomes may differ materially depending on factors such as:  Keyera's ability to execute its capital program; timing of anticipated capital  spending; construction and input costs; construction scheduling variables;  availability of construction crews and engineering services; ability to source  required parts and equipment; future operating results of the assets; future  operating results of Keyera's assets; future operating results of Keyera's  business segments and the components of those results; Keyera's ability to  execute its strategic initiatives; commodity supply/demand balances and  prices; activities of producers, competitors, customers, business partners and  others; access to third party facilities; overall economic and market  conditions; access to capital and financing alternatives; operational risks  associated with Keyera's businesses and operations; potential delays or  changes in plans with respect to development projects or capital expenditures  or the results therefrom; the legislative, regulatory and tax environment; and  other known or unknown factors. There can be no assurance that the results or  developments anticipated by Keyera will be realized or that they will have the  expected consequences for or effects on Keyera.  For additional information on these and other factors, see Keyera's public  filings on Unless otherwise required by applicable laws, Keyera  does not intend to publicly update or revise forward-looking statements,  whether as a result of new information, future events or otherwise.  This press release shall not constitute an offer to sell or the solicitation  of an offer to buy any securities, nor shall there be any sale of securities  in any state in the United States in which such offer, solicitation or sale  would be unlawful. The securities referred to herein have not been and will  not be registered under the United States Securities Act of 1933, as amended,  and may not be offered or sold in the United States absent registration or an  applicable exemption from registration requirements.    SOURCE  Keyera Corp.  For further information about Keyera, please visit our website or contact:  John Cobb, Vice President, Investor Relations and Information Technology  or  Julie Puddell, Manager, Investor Relations, Telephone: (403) 205-7670 / Toll Free: (888) 699-4853.  To view this news release in HTML formatting, please use the following URL:  CO: Keyera Corp. ST: Alberta NI: OIL NEWSTK  
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