Business
Gibson Energy Inc. announces closing of secondary offering
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/...
About this update from Gibson Energy Inc.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES/\n\n\nCALGARY, March 27, 2012 /CNW/ - Gibson Energy Inc. (\"Gibson\") is pleased\n to announce the completion of the previously announced \"bought deal\"\n secondary offering (the \"Secondary Offering\") of common shares of\n Gibson held by R/C Guitar Coöperatief U.A. (the \"Selling Shareholder\"),\n pursuant to which the Selling Shareholder sold 28,107,781 common shares\n at a price of $20.70 per common share for total gross proceeds to the\n Selling Shareholder of $581,831,066.70. The offering was conducted\n through a syndicate of underwriters co-led by BMO Capital Markets and\n Scotiabank.\n\n\nGibson did not receive any proceeds from the Secondary Offering. \n Following closing, the Selling Shareholder no longer holds any common\n shares of Gibson.\n\n\nThis press release does not constitute an offer to sell or the\n solicitation of an offer to buy the securities in the United States, in\n any province or territory of Canada or in any other jurisdiction. The\n securities have not been, and will not be, registered under the United\n States Securities Act of 1933, as amended (the \"U.S. Securities Act\")\n or any U.S. state securities laws and may not be offered or sold in the\n United States absent registration or absent an applicable exemption\n from the registration requirements of the U.S. Securities Act and\n applicable U.S. state securities laws. There shall be no sale of the\n securities in any jurisdiction in which an offer to sell, a\n solicitation of an offer to buy or a sale would be unlawful.  \n\n\nAbout Gibson\n\n\nGibson is one of the largest independent midstream energy companies in\n Canada and a major participant in the crude oil transportation business\n in the United States, and is engaged in the movement, storage,\n blending, processing, marketing and distribution of crude oil,\n condensate, natural gas liquids, and refined products.  Gibson\n transports hydrocarbons by utilizing its integrated network of\n terminals, pipelines, storage tanks, and truck fleet located throughout\n western Canada and the United States.  Gibson is also involved in the\n processing, blending and marketing of hydrocarbons, provision of water\n disposal and oilfield waste management services and is th...