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Filing of Preliminary Base Shelf Prospectus in ...
Filing of Preliminary Base Shelf Prospectus in ....
About this update from Corcel Plc
[{"type":"text","content":"\n \nCaracal Energy Inc. Filing of Preliminary Base Shelf Prospectus in Canada\n\nCALGARY, Oct. 11, 2013 /CNW/ - Caracal Energy Inc. (\"Caracal\" or the\n\"Company\"), (LSE: CRCL), announces that it has filed a preliminary short form\nbase shelf prospectus (\"Preliminary Base Shelf Prospectus\") with the securities\nregulatory authorities in each of the Provinces of Canada, other than the\nProvince of Quebec.\n\nThe Canadian regime of a base shelf prospectus allows the Company to offer\ncommon shares, subscription receipts, warrants and debt securities\n(collectively, the \"Securities\") or any combination thereof up to an aggregate\noffering price of US$1,000,000,000 during a 25-month period that a base shelf\nprospectus remains effective. Securities may be offered separately or together,\nin amounts, at prices and on terms to be determined based on market conditions\nat the time of sale and set forth in an accompanying supplement that would be\nalso provided with the base shelf prospectus to investors. Unless otherwise\nspecified in a supplement, the net proceeds from the sale of the Securities\nunder this regime would be used for general corporate purposes, to repay\nindebtedness and to fund capital expenditures.\n\nCaracal has filed this Preliminary Base Shelf Prospectus to maintain financial\nflexibility and to have the ability to offer the Securities on an accelerated\nbasis, once a supplement is filed over the 25-month time frame. There is no\ncertainty that any offering of Securities will occur under this regime within\nthe 25-month period.\n\nA copy of the Preliminary Base Shelf Prospectus will be available on SEDAR (\nwww.sedar.com).\n\nAbout Caracal Energy Inc.\n\nBased in Canada, Caracal Energy Inc. is an international exploration and\ndevelopment company focused on oil and gas exploration, development and\nproduction activities in the Republic of Chad, Africa. In 2011, the Company\nentered into three production sharing contracts (\"PSCs\") from the government of\nthe Republic of Chad. These PSCs provide exclusive rights to explore and\ndevelop reserves and resources over a combined area of 26,103 km2 in southern\nChad. The PSCs cover two world-class oil basins with development opportunity,\noil discoveries, and numerous exploration prospects.\n\nCautionary Statement\n\nCertain of the information contained in this pr...