Business
Journey Energy Inc. Completes $198 Million Initial Public Offering and Secondary Offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./...
About this update from Journey Energy, Inc.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES./\n\n\nCALGARY, June 19, 2014 /CNW/ - Journey Energy Inc. (\"Journey\" or the \"Company\") is pleased to announce that it has completed an initial public\n offering of 14,000,000 of its common shares (the \"Common Shares\") and a secondary offering by Infra-PSP Partners Inc. (the \"Selling Shareholder\") of 2,500,000 Common Shares (collectively, the \"Offering\") at a price of $12.00 per Common Share for aggregate gross proceeds of\n $198,000,000.\n\n\nThe Common Shares are listed on the Toronto Stock Exchange under the\n symbol \"JOY\".\n\n\nThe Offering was made through a syndicate of underwriters co-led by BMO\n Capital Markets and CIBC and including Peters & Co. Limited, Cormark\n Securities Inc., FirstEnergy Capital Corp., RBC Capital Markets, TD\n Securities Inc. and AltaCorp Capital Inc. (the \"Underwriters\").\n\n\nThe Company and the Selling Shareholder have granted the Underwriters an\n over-allotment option, exercisable in whole or in part for a period of\n 30 days following the closing of the Offering, to purchase up to an\n additional 2,475,000 Common Shares, in aggregate, also at a price of\n $12.00 per Common Share. If the over-allotment option is exercised in\n full, the total gross proceeds of the Offering will be $227,700,000.\n\n\nThis press release is not for distribution, directly or indirectly, in\n or into the United States (including its territories and possessions,\n any State of the United States and the District of Columbia) or any\n other jurisdiction outside Canada. This press release does not\n constitute or form a part of any offer or solicitation to buy or sell\n any securities in the United States or any other jurisdiction outside\n of Canada. The Common Shares have not been and will not be registered\n under the United States Securities Act of 1933, as amended, (the \"U.S. Securities Act\") or the securities laws of any state of the United States and may not\n be offered or sold within the United States other than pursuant to an\n available exemption from the registration requirements of the U.S.\n Securities Act and applicable state securities laws. There will be no\n public offer of the Common Shares in the United States.\n\n\nAbout the Company\n\n\nJourney is a Canadian exploration and productio...